Storebrand
Storebrand ASA, headquartered in Norway, is a leading player in the Nordic financial services industry, specialising in insurance, asset management, and pension solutions. Founded in 1767, Storebrand has evolved significantly, marking key milestones such as its commitment to sustainability and responsible investment practices. With a strong presence in Norway and Sweden, Storebrand offers a diverse range of products, including life insurance, health insurance, and investment funds. What sets Storebrand apart is its focus on sustainable finance, integrating environmental, social, and governance (ESG) criteria into its investment strategies. Recognised for its market leadership, Storebrand has received numerous accolades for its innovative approach to sustainable investing, positioning itself as a trusted partner for individuals and businesses seeking long-term financial security.
DitchCarbon Score
How does Storebrand's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Storebrand's score of 60 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Storebrand's reported carbon emissions
In 2022, Storebrand reported total carbon emissions of approximately 2,700,000,000 kg CO2e. This figure includes 800 kg CO2e from Scope 1 emissions, 131,600 kg CO2e from Scope 2 emissions (with 32,800 kg CO2e from a market-based approach), and 654,600 kg CO2e from Scope 3 emissions, primarily driven by business travel (544,200 kg CO2e). For 2023, emissions decreased significantly to about 65,000,000 kg CO2e, with Scope 1 emissions at 7,300 kg CO2e, Scope 2 emissions at 150,000 kg CO2e (location-based), and a substantial 2,601,565,000 kg CO2e from Scope 3 emissions. Storebrand has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its investment portfolios by 2050. This commitment encompasses all scopes of emissions and covers 81% of its total investment and lending activities as of 2021. Additionally, Storebrand's targets align with the Science Based Targets initiative (SBTi), ensuring that their operational emissions reductions are consistent with limiting global warming to 1.5°C. Overall, Storebrand is actively working towards significant emissions reductions while maintaining transparency in its climate impact and commitments.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 5,300 | 0,000 | 0,000 | 000 | 000 | 0,000 | 0,000 |
| Scope 2 | 59,600 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 1,240,800 | 0,000,000 | 000,000 | 000,000 | 000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Storebrand is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
