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 63 is higher than 80% 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 about 8,000 kg CO2e, while Scope 2 emissions totalled approximately 43,000 kg CO2e (market-based). In 2023, the company recorded similar trends, with total emissions of about 2,601,565,000 kg CO2e, including 7,300 kg CO2e from Scope 1 and 47,000 kg CO2e from Scope 2 (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 a strong commitment to sustainability and aligns with the Science Based Targets initiative (SBTi) standards, which classify their targets as consistent with limiting global warming to 1.5°C. Additionally, Storebrand is committed to achieving net-zero greenhouse gas emissions across all scopes by 2050, with a focus on its investment portfolios. As of 2023, their portfolio targets cover approximately 81% of total investment and lending activities by invested assets, demonstrating a comprehensive approach to climate responsibility. Overall, Storebrand ASA's emissions data and climate commitments illustrate a proactive stance in addressing climate change, with clear reduction targets and a commitment to net-zero emissions by mid-century.
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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 | - | 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.
