Storebrand

Storebrand, headquartered in Norway and operating in financial intermediation services, reported total carbon emissions of approximately 35.89 billion kg CO2e in 2025. This includes Scope 1 emissions of 4,900 kg CO2e, Scope 2 (market-based) emissions of 32,800 kg CO2e, and Scope 3 emissions of 35.64 billion kg CO2e, with significant contributions from investments (35.63 billion kg CO2e).

Looking back, Storebrand's total emissions were approximately 33.28 billion kg CO2e in 2024, with Scope 1 at 8,000 kg CO2e, Scope 2 (market-based) at 43,100 kg CO2e, and Scope 3 at 33.07 billion kg CO2e, predominantly from investments. In 2023, the total emissions were about 2.60 billion kg CO2e, comprising Scope 1 emissions of 7,300 kg CO2e, Scope 2 (market-based) of 47,000 kg CO2e, and Scope 3 of 1.22 million kg CO2e.

Storebrand has set ambitious climate commitments. The company aims to achieve net-zero emissions from its own operations by 2050 and its investment portfolios by the same year. It has committed to reducing absolute Scope 1 and 2 greenhouse gas emissions by 52% by 2030, using 2018 as the base year. Furthermore, Storebrand targets a 40% reduction in absolute Scope 3 emissions from air travel between 2019 and 2030. In its real estate portfolio, the company aims to reduce Scope 1 and 2 GHG emissions by 71% per square metre for commercial buildings and by 64% per square metre for residential buildings by 2030, from a 2019 baseline. Storebrand also seeks to reduce the carbon footprint of companies within its investments by 32% by 2025 and requires all its suppliers to set verifiable short- and medium-term emission reduction targets and be climate neutral by 2025, with the entire value chain aiming for climate neutrality by 2030.

Storebrand ASA's Science Based Targets initiative (SBTi) commitments indicate "Targets Set" for near-term goals, classified as consistent with a 1.5°C warming scenario, with a target year of 2027. They are also "Committed" to net-zero.