Storebrand ASA

Country
Norway
Sector
Real Estate
Industry
Real Estate Services
Employees
716
Ticker
STB
Exchange
OSLO BORS
Description
Storebrand ASA is a prominent financial services company headquartered in Norway, engaged primarily in life insurance, asset management, and banking services. Its main function is to offer a variety o...

Storebrand ASA's Climate Target Data Preview

As of 2024, Storebrand ASA has disclosed 7 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 5 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Storebrand ASA ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target*
Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Weighted Average Carbon Intensity / Portfolio Companies (WACI)
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a
2025
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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a
2025
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Norwegian Krone (NOK) of Weighted Average Carbon Intensity / Portfolio Companies (WACI)
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Storebrand ASA’s Climate Targets Data

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a. Storebrand ASA's Annual Report 2024
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Insights into Storebrand ASA's Greenhouse Gas Emissions Pathways

As of 2024, Storebrand ASA has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Storebrand ASA have a target to reduce the emissions from its operations?

As of 2024, Storebrand ASA has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Storebrand ASA's most ambitious operational target is to reduce these emissions by 52% by 2030, compared to a baseline of 232.3 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018. a

As of 2024, Storebrand ASA is ahead of schedule on its operational emissions reduction target, having achieved 59.85% of the planned reduction. a

Storebrand ASA's Operational (Scope 1+2) Emissions Pathway

201820242030060120180240BaselineCurrent (-31%)Target 2030 (-52%)

Does Storebrand ASA have a target to reduce the emissions from its value chain?

As of 2024, Storebrand ASA has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Storebrand ASA's most ambitious value chain target is to reduce these emissions by 71% by 2030, compared to a baseline of 0.031 Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) in 2019. a

Instead of reducing value chain emissions, Storebrand ASA has increased them, with 2024 levels exceeding those of the 2019 baseline, placing the company well behind its reduction target. a

Storebrand ASA's Value Chain (Scope 3) Emissions Pathway

20192024203000.020.030.050.06BaselineCurrent (+44%)Target 2030 (-71%)
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