Sustainable Real Estate Investments

Our experience is that integrating sustainability into our real estate business has a positive effect for society and for our tenants, and yields a higher return on the real estate portfolios.

Our ambition is to be the best practitioner of sustainable management of real estate investments in the Nordic region. That's why we integrate sustainability into all our real estate business. We believe that it is good for society and for the users of the buildings, and that it will yield higher returns for investors.


We take responsibility

Based on how our business and our industry impacts our environment, we take our share of responsibility for a more sustainable future. This is rooted in our sustainability policy.

The management of real estate investments is based on our vision for 2050 regarding

  • a climate-neutral society
  • closed material circulation
  • strengthened biodiversity
  • a health-promoting society

Our motto is to deliver green, healthy buildings and workplaces

  • This means buildings that provides healthy economics, are healthy to work in and with, and are healthy for the environment
  • Buildings that are environmentally certified and have the lowest possible footprint

Our sustainability goals

Sustainable buildings and cities

The UN’s Sustainable Development Goal No. 11 on sustainable cities and communities is at the core of our operations, and it is the overall objective that frames the four prioritised target areas. The objectives apply to new investments, as well as the development, operation and management of property.

Climate and energy

Reduce greenhouse gas emissions from real estate operations to meet the 1.5-degree target of the Paris Treaty and make properties and management practices robust against climate change and climate risk. Adapting to the low emission society, including reduced energy use and transport, and promoting renewable energy.

Circular economy and materials

High level of reuse and recycling of materials, reduced use of new natural resources, reduced waste volumes and increased sorting ratios (also supports climate cuts).

Life on land and in water

Zero contamination of air, soil or water from the properties. Enhancing biodiversity, ecological quality and blue-green resources, utilizing roof surfaces, reducing water consumption.

Health and well-being

Promote good quality in buildings and the urban environment, health, well-being, safety and productivity, and reduce the associated risks to a minimum, for clients, employees, in the supply chain and in the community.

This is in line with the property sector’s Road Map towards 2050. Storebrand was the first real estate company to endorse the vision and the ten immediate measures. The strategy also supports the Bygg 21 report’s 10 quality principles for sustainable buildings and areas, and reports on the planet's tolerance capacity.

Recent reports:

Certification and measurement strengthens our focus

The construction and real estate sector is important for the development of a more sustainable society. The sector accounts for 40% of the environmental impact of society, including in the field of greenhouse gas emissions, energy use, waste and the use of material resources.

Environmental management systems ensure that environmental considerations are maintained at all stages, and third-party certifications document the quality of the sustainability work in property management. Through the environmental certification and environmental classification of individual properties in connection with refurbishment and new construction, we cover the entire spectrum of relevant environmental aspects: Energy, materials, water, transportation, health and indoor environment, land use,ecology, waste and pollution.

International benchmarking of sustainability gives us another evaluation that is valuable both for continuous improvement in management and for the investors’ evaluations.

Our certification and rating includes:

  • 100% environmentally certified property management: Eco-Lighthouse, ISO 14001, BREEAM NOR In-Use
  • Environmental classification of individual properties: BREEAM NOR. Minimum requirements "Very Good" for refurbishment and "Excellent" for new construction.
  • International sustainability rating of asset management: Global Real Estate Sustainability Benchmark – GRESB. Our three portfolios are in second, third, and fourth places respectively among similar portfolios in the Nordic region. To the GRESB reports

Real estate investments are part of the total investments in the Guaranteed Pension.

Environment-oriented property management

Integration of the environment and sustainability in the ongoing operation of the properties includes:

1. Environmentally-efficient operation:

  • systematic work on specific objectives, action plans and regular monitoring of key environmental aspects – for each property
  • reduced energy consumption by 26% in the last five years (2012-2018)
  • reduced water consumption by 26% in the last five years
  • fossil-free energy supply

The climate and energy accounts can be found in the section with reports.

2. Cooperation with tenants regarding goals and initiatives, also called a "Green lease agreement"

3. Supplier collaboration: We demand a high standard of sustainability from our suppliers – both in products and solutions

Storebrand has engaged in various academic and industry-oriented stakeholder communities in order to ensure a sustainable development of the real estate industry, as well as good framework conditions:

  • Established the Green Building Alliance and the Norwegian Green Building Council
  • Sponsors and supports the development of BREEAM NOR

Policy for sustainable real estate investments in Storebrand

Good sustainability efforts will help safeguard assets and long-term risk-adjusted returns on real estate investments, while also helping to make the world a better place.

The sustainability work should generally be based on the

  • United Nations’ Sustainability Development Goals (UN SDG)
  • United Nations’ Principles for Responsible Investment (UN PRI)
  • United Nations’ principles for human rights, environment and anti-corruption (UN Global Compact)

Transparency, measurement, reporting, certification and cooperation shall characterize the work. High standards of ethics, corporate governance and compliance with legal requirements are to be maintained.

The strategy for investment, management and property development is intended to help minimise the environmental footprint and negative impact on the outside world. It should also seek to utilise the opportunities for value creation in sustainability, and to make a positive contribution to the environment, health and safety of its organization, the value chain and the environment. The risk and life cycle perspective should be fundamental.

Related content