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Storebrand ASA

Country
Norway
Sector
Financial Services
Industry
Financial Conglomerates
Employees
2,324
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 GHG Emissions Data Preview

In 2024, Storebrand ASA completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Storebrand ASA has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)202420232022
2021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Storebrand ASA’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Storebrand ASA’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Storebrand ASA’s data sources below and access millions more through our Disclosure Search.

a. Storebrand ASA's Annual Report 2024
b. Storebrand ASA's Annual Report 2023

Insights into Storebrand ASA's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Storebrand ASA amounted to 160 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Storebrand ASA increased by 1.72%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Storebrand ASA's Scope 1 Emissions Over Time

2023202402468tCO2e+10%
  • Total Scope 1
  • Year-over-Year Change

What are Storebrand ASA's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Storebrand ASA were 8 metric tons of CO₂ equivalent (tCO₂e).a

Compared to the previous year (2023), Storebrand ASA's Scope 1 emissions increased by 9.59%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Storebrand ASA's Scope 2 emissions?

In 2024, Storebrand ASA reported Scope 2 greenhouse gas (GHG) emissions of 43 tCO₂e using the market-based method and 152 tCO₂e using the location-based method.a

Has Storebrand ASA reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Storebrand ASA's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Storebrand ASA's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Storebrand ASA use for Scope 2 reporting?

In 2024, Storebrand ASA reported its Scope 2 emissions using the market-based method and using the location-based method.a

Storebrand ASA's Scope 2 Emissions Over Time

2023202404080120160tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Storebrand ASA's Value Chain Emissions

In 2024, Storebrand ASA reported 33,076,891 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Storebrand ASA includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 3 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Storebrand ASA's Scope 3 Emissions Over Time

20192020202120222023202408.5 M17 M25.5 M34 MtCO2e+7536%-26%+4%-9%+1156%
  • Total Scope 3
  • Year-over-Year Change

What are Storebrand ASA's Scope 3 emissions?

In 2024, Storebrand ASA reported total Scope 3 emissions of 33,076,891 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 0.02% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.98% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Storebrand ASA reduced its Scope 3 emissions over time?

Since 2019, Storebrand ASA's Scope 3 emissions have increased by 67,153.37%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Storebrand ASA's Scope 3 emissions increased by 1,155.81%, suggesting that the company faced challenges in reducing emissions across its value chain.ab

What categories of Scope 3 emissions does Storebrand ASA disclose?

In 2024, Storebrand ASA reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Storebrand ASA's Scope 3 emissions?

In 2024, the largest contributors to Storebrand ASA's Scope 3 emissions were:a

  • Investments (Cat. 15): 33,069,982 tCO₂e (99.98%)
  • Purchased Goods and Services (Cat. 1): 5,562 tCO₂e (0.02%)
  • Business Travel (Cat. 6): 1,331 tCO₂e (0%)

Storebrand ASA's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

Insights into Storebrand ASA’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Storebrand ASA reported Scope 1 greenhouse gas (GHG) emissions of 8 tCO₂e and total revenues of USD 8,000 millions. This translates into an emissions intensity of 0 tCO₂e per millions USD.a

Storebrand ASA's Scope 1 Emissions Intensity Compared to Peers

502,000100,0005,000,000Scope 1 Emissions (tCO2e)502001,0005,00050,000Revenues (Millions of USD)MBGYSCCSMAMPYear: 2024Scope 1: 26 tCO2eRevenue: $M 531Scope 1 Intensity: 0.05 tCO2e/$MMMMinmetals CapitalYear: 2023Scope 1: 32 tCO2eRevenue: $M 1,377Scope 1 Intensity: 0.02 tCO2e/$MSparebank 1 SMNYear: 2024Scope 1: 3 tCO2eRevenue: $M 698Scope 1 Intensity: 0.00 tCO2e/$MGjensidige ForsikringYear: 2024Scope 1: 434 tCO2eRevenue: $M 3,560Scope 1 Intensity: 0.12 tCO2e/$MBBBicecorpYear: 2024Scope 1: 139 tCO2eRevenue: $M 2,284Scope 1 Intensity: 0.06 tCO2e/$MGGGeorgia CapitalYear: 2024Scope 1: 70 tCO2eRevenue: $M 137Scope 1 Intensity: 0.51 tCO2e/$MSparebank 1 Sor-NorgeYear: 2023Scope 1: 28 tCO2eRevenue: $M 833Scope 1 Intensity: 0.03 tCO2e/$MYYYuexiu CapitalYear: 2023Scope 1: 41 tCO2eRevenue: $M 2,078Scope 1 Intensity: 0.02 tCO2e/$MSSSparebanken MoreYear: 2024Scope 1: 4 tCO2eRevenue: $M 212Scope 1 Intensity: 0.02 tCO2e/$MPiramal EnterprisesYear: 2025Scope 1: 92 tCO2eRevenue: $M 1,107Scope 1 Intensity: 0.08 tCO2e/$MVoya FinancialYear: 2023Scope 1: 1,359 tCO2eRevenue: $M 7,213Scope 1 Intensity: 0.19 tCO2e/$MCCChina Galaxy SecuritiesYear: 2024Scope 1: 658 tCO2eRevenue: $M 3,100Scope 1 Intensity: 0.21 tCO2e/$MCCCNPC CapitalYear: 2024Scope 1: 671 tCO2eRevenue: $M 5,349Scope 1 Intensity: 0.13 tCO2e/$MProtector ForsikringYear: 2022Scope 1: 1 tCO2eRevenue: $M 622Scope 1 Intensity: 0.00 tCO2e/$MAlexforbesYear: 2025Scope 1: 13 tCO2eRevenue: $M 309Scope 1 Intensity: 0.04 tCO2e/$MSSSBI HoldingsYear: 2024Scope 1: 1,071 tCO2eRevenue: $M 7,993Scope 1 Intensity: 0.13 tCO2e/$MBajaj FinservYear: 2025Scope 1: 8,966 tCO2eRevenue: $M 14,185Scope 1 Intensity: 0.63 tCO2e/$MOld MutualYear: 2024Scope 1: 3,737 tCO2eRevenue: $M 10,705Scope 1 Intensity: 0.35 tCO2e/$MMMMandatumYear: 2024Scope 1: 20 tCO2eRevenue: $M 1,471Scope 1 Intensity: 0.01 tCO2e/$MYuanta Financial HoldingYear: 2024Scope 1: 1,125 tCO2eRevenue: $M 3,686Scope 1 Intensity: 0.31 tCO2e/$MAditya Birla CapitalYear: 2025Scope 1: 40 tCO2eRevenue: $M 5,077Scope 1 Intensity: 0.01 tCO2e/$MFirst Capital SecuritiesYear: 2023Scope 1: 177 tCO2eRevenue: $M 328Scope 1 Intensity: 0.54 tCO2e/$MFreedom HoldingYear: 2024Scope 1: 1,541 tCO2eRevenue: $M 1,635Scope 1 Intensity: 0.94 tCO2e/$MORIXYear: 2025Scope 1: 942,714 tCO2eRevenue: $M 12,198Scope 1 Intensity: 77.28 tCO2e/$MGrupo ElektraYear: 2024Scope 1: 27,040 tCO2eRevenue: $M 9,711Scope 1 Intensity: 2.78 tCO2e/$MStorebrand ASAYear: 2024Scope 1: 8 tCO2eRevenue: $M 8,000Scope 1 Intensity: 0.00 tCO2e/$M

How does Storebrand ASA's GHG emissions intensity compare to its peers?

In 2024, Storebrand ASA reported a Scope 1 emissions intensity of 0 tCO₂e per millions USD. Compared to the peer group median of 0.12, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Storebrand ASA rank on GHG emissions intensity within its industry?

In 2024, Storebrand ASA ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Storebrand ASA among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Storebrand ASA's Total Carbon Footprint

In 2024, Storebrand ASA reported a total carbon footprint of 33,077,051 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1,155.74% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Storebrand ASA's total carbon footprint was Scope 3 emissions, accounting for 100% of the company's total carbon footprint, followed by Scope 2 emissions at 0%.a

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