Sustainable Operations

Sustainability is an integral part of our core business and we have clear requirements for sustainable operations, both for our partners and suppliers, but also for how we run our own business.  

Sustainable development

Storebrand shall contribute through its own business and procurement activities to sustainable development and to ensuring that human rights and labour laws are not violated. Since 2008, sustainability reporting has been an integral part of our annual report, and certified by an independent party.

Annual Reports
Karin Greve-Isdahl
Storebrand

Our Sustainability Principles

  • We base our business activities on the UN Sustainable Development Goals.

  • We help our customers to live more sustainably. We do this by managing our customers’ money in a sustainable manner, in addition to providing sustainable financing and insurance.

  • We are a responsible employer

  • Our processes and decisions are based on sustainability – from the Board and management, who have the ultimate responsibility, to each employee who promotes sustainability in their own area.

  • We collaborate to achieve the UN Sustainable Development Goals with our customers, suppliers, the authorities and partners.

  • We are transparent about our work and our sustainability results.

Reducing our climate impact 

  • We work systematically to continuously reduce the environmental impact of our business operation. In 2008, Storebrand became Norway’s first completely «climate neutral» financial group, and since 2009, Storebrand's environmental management system has been certified by Eco-Lighthouse.

  • We set clear targets for reducing our carbon footprint, and have specific goals for energy and water consumption and recycling.

  • Storebrand operates in several parts of Europe. We have a travel policy to help keep flights down, and encourage employees to use video conferencing or public transport whenever possible. We offer electric cars for hire to our employees.

  • We buy CO2 quotas for the carbon footprint of our operations.

Sustainable Supply Chain

  • Storebrand is a member of the United Nations Global Compact. Suppliers and subcontractors must demonstrate that they follow the same minimum standard for human rights, labour rights and corruption prevention.

  • The focus on working conditions in the supply chain is important for safeguarding human rights, in addition to climate and environmental considerations

  • Suppliers must have good internal ethical guidelines and should follow the Initiative for Ethical Trade Guidelines or the social responsibility/corporate social responsibility (SA 8000) standard.

  • Storebrand shall not use suppliers or products that violate international agreements, national legislation or internal guidelines. Companies that are excluded from our investment portfolio based on the Storebrand standard, should not be used as suppliers.

Transparency and business ethics 

  • We work actively against corruption in our own operations and with our suppliers. We have clear ethical guidelines and code of conduct, and all employees must undergo anti-corruption training.

  • We have guidelines for anti-money laundering and anti-terrorist financing, and we monitor to uncover suspicious transactions.

  • All employees must carry out anti-money laundering and terrorist financing training .