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 98% 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 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 recorded at about 8,000 kg CO2e, while Scope 2 emissions totalled approximately 43,000 kg CO2e (market-based). In 2023, the company’s emissions were slightly lower, with total emissions of about 2,601,565,000 kg CO2e, including 7,300 kg CO2e from Scope 1 and approximately 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 baseline year. This target reflects the company's commitment to align with climate science and contribute to global efforts to limit warming to 1.5°C. Additionally, Storebrand has pledged to achieve net-zero greenhouse gas emissions across its investment portfolios by 2050 at the latest, covering 81% of its total investment and lending activities as of 2021. These initiatives underscore Storebrand's proactive approach to sustainability and its role in the financial sector's transition towards a low-carbon economy.
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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.
