Storebrand Livsforsikring AS

Storebrand Livsforsikring AS: Climate Commitments & Emissions Overview

Storebrand Livsforsikring AS, an insurance and pension funding services provider headquartered in Norway, is committed to addressing its carbon footprint. The company's climate commitments and some emissions data are inherited from its parent company, Storebrand ASA.

Recent Emissions Data:

In 2024, Storebrand Livsforsikring AS reported an approximate total of 4,128,000 kg CO2e in global emissions. This figure includes:

• Scope 1: Approximately 5,000 kg CO2e
• Scope 2 (Market-based): Approximately 31,000 kg CO2e
• Scope 3: Approximately 4,092,000 kg CO2e, with significant contributions from purchased goods and services (3,295,000 kg CO2e), and business travel (788,000 kg CO2e).

Looking ahead to 2025, the company projects its total global emissions to be approximately 3,546,000 kg CO2e, with:

• Scope 1: Approximately 3,000 kg CO2e
• Scope 2 (Market-based): Approximately 24,000 kg CO2e
• Scope 3: Approximately 3,518,000 kg CO2e, primarily from purchased goods and services (2,927,000 kg CO2e) and business travel (576,000 kg CO2e).

Climate Targets:

Storebrand Livsforsikring AS has a near-term net-zero target for all scopes, aiming for 100% reduction by 2030, using 2019 as a baseline. These targets are aligned with the Science Based Targets initiative (SBTi).