Keeping our house in order
Through our own operations and procurement activities, we aim to contribute to sustainable development, and to ensure that human rights and workers’ rights are not infringed.
Invest in the future
Through our business and procurement activities, Storebrand focus on sustainable development and on 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.
Our sustainability principles
- We base our business activities on the UN Sustainable Development Goals (SDGs).
- Through our products and service-offering, we will help customers make more sustainable choices.
- We are a responsible employer.
- We consider sustainability in all processes and decisions – from the Board and executive management level, who have the overall responsibility, to each individual business manager and employee.
- We cooperate with customers, suppliers, authorities, and partners in our work with sustainability.
- We are transparent about our work on sustainability and what we achieve.
Reducing our climate impact
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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.
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We set clear targets for reducing our carbon footprint, and have specific goals for energy and water consumption and recycling.
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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.
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We buy CO2 quotas for the carbon footprint of our operations.
Requirements to suppliers
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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.
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The focus on working conditions in the supply chain is important for safeguarding human rights, in addition to climate and environmental considerations
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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.
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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 Storebrand's Exclusion policy, should not be used as suppliers.
Transparency and business ethics
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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.
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We have guidelines for anti-money laundering and anti-terrorist financing, and we monitor to uncover suspicious transactions.
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All employees must carry out anti-money laundering and terrorist financing training.
Focus on sustainability in procurement
We use our position as a major buyer to influence suppliers and business partners for improvement.
Sustainability library
Storebrand's latest sustainability reports, guidelines, policies, and other documents related to our reporting systems.