Storebrand with new tool for responsible investment research

Storebrand announced this week that it has aquired a a subscription for the ASSET4 environmental, social and corporate governance (ESG) information solution. Storebrand plans to use the ASSET4 system to retrieve raw data for current research efforts. This will in turn free up resources to enable an increased level of engagement with companies in its investment universe.  

“We are currently tracking approximately 3000 companies to ensure that our investments do not contribute to unacceptable business practices. Data gathering for our ’Best in Class‘ analyses takes up a significant amount of our analysts’ time,” said Christine Tørklep Meisingset, Head of Responsible Investments for Storebrand. “ASSET4’s ESG database and tools will help simplify this process and enable us to focus our resources on developing constructive dialogues with companies. ASSET4 will provide us with objective evidence regarding sustainability practices, which in turn we can use as a basis for our analyses and engagement discussions. It is important to note that Storebrand will still perform in-house analyses of companies’ corporate responsibility performance.”

“The Storebrand Group is a leader in the responsible investment community in Norway and beyond, and for many years has used its influence to contribute to sustainable development,” said Henrik Steffensen, Co-Founder and VP of Marketing for ASSET4. “They are also an organisation that ‘walks its talk’ – living up to the standards that they expect from other companies. In support of their three-pronged approach to investing that focuses on negative screening, best-in-class identification and engagement, the ASSET4 information solution will enable Storebrand to free up resources currently focused on data gathering.”