Keeping our house in order
Storebrand aims to integrate sustainability across all aspects of our business. We set clear requirements for sustainability, social responsibility, environmental performance, and ethical conduct – both internally and for our partners and suppliers.
Sustainability reporting
We report on how we work with sustainability in our daily operations, and how we address sustainability in our investment activities. Since 2008, sustainability reporting has been an integral part of our annual report, and certified by an independent party.
Our sustainability principles
Storebrand has a dedicated sustainability policy that defines responsibilities across different areas of sustainability work. The following principles form the basis for our sustainability efforts in our own operations:
- We integrate sustainability into our processes and decision-making at all levels—from the boards and Group Executive Management, which hold overall responsibility, to each manager and employee.
- We are a responsible employer, committed to promoting diversity and inclusion among our employees.
- We maintain a transparent governance structure in line with national and international standards for corporate governance.
- We comply with applicable regulatory requirements as well as voluntary commitments we have adopted.
- We actively work to prevent socially harmful activities and criminal acts in connection with our operations.
- We set high standards for information security, both internally and for our suppliers, to prevent criminal activity and protect customers and employees from harm.
- Our marketing is clear, transparent, and not misleading, particularly in how we communicate about our sustainability efforts and recognitions.
- We continuously work to reduce the environmental impact of our own operations.
- We actively promote internal understanding and knowledge of sustainability among employees.
- We are open and transparent about our sustainability work and the results we achieve.
Our climate footprint
We work systematically to reduce the environmental impact of our own operations. Since 2009, our environmental management efforts have been certified by the Eco-Lighthouse scheme (Miljøfyrtårn).
We have set targets to reduce emissions from energy use and air travel, in line with the Paris Agreement.
We apply an internal carbon price to our air travel, which is invested in climate credits related to carbon capture and storage, afforestation, and biochar.
Expectations for suppliers
- Storebrand is a member of the UN Global Compact. Suppliers and subcontractors must demonstrate that they follow the same minimum standard for human rights, labour rights and corruption prevention, as well as documenting life cycle costs and environmental properties for products.
- Our ambition is for suppliers to reach net zero in 2050.
- Storebrand avoids using suppliers or products that violate international agreements, national legislation or internal guidelines.
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 annual 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.