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 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 53 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 2,633,942,000 kg CO2e. This figure includes Scope 1 emissions of about 400 kg CO2e, Scope 2 emissions of approximately 35,200 kg CO2e (market-based), and a significant Scope 3 contribution of around 2,594,235,000 kg CO2e, primarily from investments and business travel. Over the years, Storebrand has demonstrated a commitment to reducing its carbon footprint. In 2022, total emissions were about 787,000 kg CO2e, showing a notable decrease from 2021's emissions of approximately 320,000 kg CO2e. The company has set ambitious climate targets, aiming for net-zero emissions across all scopes by 2050. As of 2021, their portfolio targets cover 81% of total investment and lending activities by invested assets, aligning with the Science Based Targets initiative (SBTi) to limit global warming to 1.5°C. Storebrand's near-term targets include significant reductions by 2030, with a focus on emissions from company operations (Scopes 1 and 2) that are consistent with the necessary reductions to meet climate goals. The company is committed to transparency and accountability in its climate initiatives, reflecting its role as a responsible financial institution based in Norway.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 | 0,000,000,000 |
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.
