Storebrand Sustainability Profile
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 68 is higher than 82% 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 2024, Storebrand ASA reported total carbon emissions of approximately 2,584,549,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 2,584,549,000 kg CO2e. Scope 1 emissions were reported at 8,000 kg CO2e, while Scope 2 emissions totalled approximately 43,000 kg CO2e (market-based). In 2023, the company recorded total emissions of about 2,601,565,000 kg CO2e, with Scope 1 at 7,300 kg CO2e and Scope 2 at approximately 47,000 kg CO2e (market-based). Storebrand has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 52% by 2030, using 2018 as the base year. This target reflects the company's commitment to align with the Science Based Targets initiative (SBTi) and is consistent with the reductions required to limit global warming to 1.5°C. Additionally, Storebrand is committed to achieving net-zero greenhouse gas emissions across its investment portfolios by 2050 at the latest. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Storebrand's proactive approach to sustainability and climate action positions it as a leader in the financial sector, particularly in Norway, where it is headquartered.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 5,300 | - | 0,000 | 000 | 000 | 0,000 | 0,000 |
| Scope 2 | 227,000 | - | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | 0,000,000 | 000,000 | 000,000 | 000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Storebrand's Industry?
How Carbon Intensive is Storebrand's Location?
Storebrand's Scope 3 Categories Breakdown
Storebrand's Scope 3 emissions, which decreased by 1% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
Storebrand's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Storebrand has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Storebrand's sustainability data and climate commitments