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 2023, Storebrand reported total carbon emissions of approximately 2,600,000,000 kg CO2e. This figure includes 7,300 kg CO2e from Scope 1 emissions, 150,000 kg CO2e from Scope 2 emissions (market-based), and a significant 2,601,565,000 kg CO2e from Scope 3 emissions, primarily driven by business travel and waste generated in operations. Over the years, Storebrand has made notable progress in reducing its carbon footprint. For instance, in 2020, total emissions were about 477,000 kg CO2e, which decreased to approximately 320,000 kg CO2e in 2021. However, emissions surged again in 2022, reaching around 2,700,000,000 kg CO2e, indicating fluctuations in their operational impact. Storebrand has committed to ambitious climate targets, aiming for net-zero emissions across all scopes by 2050. Their portfolio targets cover 81% of total investment and lending activities as of 2021, aligning with the Science Based Targets initiative (SBTi) to ensure that their operations are consistent with limiting global warming to 1.5°C. Near-term targets have been set for 2030, with further commitments to reduce emissions from company operations (Scopes 1 and 2) in line with these climate goals. Overall, Storebrand's climate commitments reflect a proactive approach to sustainability, with a focus on significant reductions in carbon emissions and a clear strategy for achieving long-term environmental goals.
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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.
