Storebrand

Sustainability Report and Carbon Intensity Rankings

Is Storebrand doing their part?

Their DitchCarbon score is 56

Storebrand has a DitchCarbon Score of 56 out of 100, indicating a moderate level of sustainability in their operations. This score reflects the company’s carbon intensity, which is a measure of how much carbon emissions are produced relative to their activities. A higher score would suggest a lower carbon intensity and a stronger commitment to reducing their environmental impact.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Storebrand operates within the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

Storebrand, located in Norway, benefits from the country’s very low carbon intensity, indicating strong sustainability efforts. The company’s operations are thus likely to have a lower environmental impact due to the clean energy profile of its location.
5.17%

...this company is doing 5.17% better in emissions than the industry average.

Storebrand is a prominent player in the Nordic financial sector, specializing in pensions, long-term savings, and insurance. Founded in 1767 and headquartered in Lysaker, Bærum, the company has expanded its operations to include life insurance, asset management, and health insurance services in Sweden. Serving over 1.8 million customers in Norway and Sweden, Storebrand facilitates optimal financial choices tailored to individual needs and life circumstances.

Good news, Storebrand has set strong SBTi commitments

Storebrand has established targets to significantly reduce greenhouse gas emissions from their operations, aligning with the ambitious goal of limiting global warming to 1.5°C. These targets encompass both direct emissions and indirect emissions from purchased energy, demonstrating the company’s commitment to environmental sustainability.

There’s always room for improvement,

DitchCarbon recommends...

Storebrand should set reduction targets for emissions from downstream leased assets to potentially lower their emissions by 0.2%.
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✓ Peer group, recommended actions, historical reports, data sources

✓ Complete Scope 1-2-3 data, emission factors, yearly breakdown

✓ Complete SBTi and CDP status with sources

✓ Company emission source URLs

✓ Supply level emission factors

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.