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 50 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Storebrand's reported carbon emissions
In 2023, Storebrand reported total carbon emissions of approximately 2,594,635 kg CO2e. This includes 400 kg CO2e from Scope 1 emissions, 35,200 kg CO2e from Scope 2 emissions (market-based), and a significant 2,594,035 kg CO2e from Scope 3 emissions, primarily driven by business travel (1,009,400 kg CO2e) and waste generated in operations (22,800 kg CO2e). Over the years, Storebrand has made notable progress in reducing its carbon footprint. In 2022, total emissions were about 787,000 kg CO2e, which indicates a substantial increase in emissions in 2023. However, the company has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2050. Their portfolio targets cover approximately 81% of total investment and lending activities as of 2021, aligning with the Science Based Targets initiative (SBTi) to limit global warming to 1.5°C. Storebrand's emissions data reflects a commitment to transparency and accountability in their climate strategy, with ongoing efforts to reduce emissions from both operational activities (Scopes 1 and 2) and their extensive investment portfolio (Scope 3). The company is actively working towards achieving its near-term targets set for 2030, demonstrating a proactive approach to climate action within the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,400 | 0,000 | 0,000 | 000 | 000 | 000 |
| Scope 2 | 59,600 | 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 |
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 committed to some reduction initiatives 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.
