Storebrand adds climate change to investment criteria

Storebrand applies a responsible investment standard to all its own investments. In addition, Storebrand offers funds which include ‘Best in Class’ companies that are top environmental and social performers within their industries.

Storebrand is now strengthening its commitment by expanding the current climate change analysis for ‘Best in Class’ funds and by introducing a new Climate change criterion into our current Group standard for responsible investment. Roughly 10 additional companies will be excluded from investment.

‘Best in Class’ analyses

In the analysis, a company’s strategic understanding of, and contribution to, climate change will be evaluated. To which degree the company is part of the solution, will also represent a core element of this analysis.

Relevant questions to consider are:

• Has the company understood how issues of climate change may affect the company, both in terms of risk and opportunity?
• What is the company’s carbon footprint? Are reduction targets established, and has the company been successful in reducing their impact over time?
• Does the company offer products, services, or research and development which may contribute to mitigating the effects of climate change?

Climate change criterion

Storebrand will not invest in the worst performers within specific industries that are particularly climate intensive.

The methodology includes the following:

• Identify the industries that are particularly climate intensive.
• Apply the results from the climate change assessment within the ‘Best in Class’ analyses.
• Exclude the worst performing companies within the identified industries.