Engagement themes 2021-2023

The race to Net-Zero

Storebrand is committed to achieving net zero greenhouse gas emissions across all its assets under management by 2050.

We were founding members of the United Nations-convened Net-Zero Asset Owner Alliance. We also became a Net Zero Asset Managers Initiative member in 2021. Short-term strategies back up our ambition, and by 2025 emissions for specific asset classes will be reduced by 32%.

We have designed an engagement approach to impact the real economy and encourage companies to define and implement climate strategies aligned with the Paris Agreement's goals and reach net-zero emissions by 2050 or sooner.

Our participation in Climate Action 100+, The Institutional Investors Group on Climate Change (IIGCC), and the Principles for Responsible Investment (PRI) connects us with like-minded investors and offers platforms for collaborative engagement. A particular focus will be given to 20 emitters generating the most emissions in our portfolios. We will also continue to engage with several banks to understand their exposure to the fossil fuel industry.

We expect investee companies to:

  • Implement a robust governance framework articulating the board’s accountability and oversight of climate change risk.
  • Take action to reduce greenhouse gas emissions across the value chain, consistent with the Paris Agreement’s goal of limiting global average temperature increase to below two degrees Celsius above pre-industrial levels, aiming for 1.5 degrees.
  • Provide enhanced corporate disclosure in line with the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
  • Support for effective measures across all areas of public policy that aim to mitigate climate change risks and limit temperature rise to 1,5 degrees Celsius. Storebrand will no longer invest in companies that deliberately and systematically lobby against the goals and targets enshrined in the Paris Agreement.
  • Support just transition by including workforce and community issues in climate-related engagement on corporate practices, scenarios, and disclosures.

Historical returns are no guarantee of future returns. Future returns will depend, among other things, on market developments, the manager's skills, the fund's risk profile and management fees. The returns can be negative as a result of price losses. There is risk associated with investments in the fund due to market movements, developments in currency, interest rates, economic conditions, industry- and company-specific conditions. Before investing, customers are advised to familiarize themselves with the fund's key information and prospectus, which contains further information about the fund's characteristics and costs.