Our method for exclusion of companies is defined by Storebrand's Exclusion policy which applies to all assets we manage.

Exclusion methodology

The exclusion process is extensive. It involves both internal and external data and evaluations conducted by experts in the field. Excluded companies are removed from Storebrand’s investment universe, which is an investment ecosystem that consists of over 4.000 companies.

Storebrand's extra criteria build upon Storebrand's Exclusion policy. The extra criteria will only apply to selected funds and saving profiles.

Conduct-based exclusions

It is of fundemental importance that the companies we invest in follow international laws, norms and conventions.


Product-based exclusions

We exclude companies that produce or distribute tobacco and recreational cannabis. We also exclude companies with significant revenue from coal and oil sands and unsustainable palm oil production.

Observation process

We are dedicated to using our position to influence companies in a direction we believe is sustaiable. In some cases where we suspect a violation of our policies, it may be beneficial to follow a company over time.

Exclusion decision

The decision to exclude a company is based on an assessment of the issue by Storebrand's investment committee. The committee comprises several representatives of the Storebrand Group's senior management team and other executives, who meet on a quarterly basis.

If the excluded companies demonstrate improvements in their policies and business operations, they may be reinstated in Storebrand's investable universe.

Discover our Human Rights Due Diligence and Assessment Approach

Storebrand performs its human rights risk due diligence based on the UN Guiding Principles on Business and Human Rights and the guidance on the implementation of the Framework as described in the OECD Guidelines for Responsible Business Conduct for Instructional Investors.

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.