With respect to investments in nonlisted real estate and property, Storebrand mainly invests in Norway and Sweden. Environmental aspects, in particular energy efficiency, are given special attention in the investment analyses. More than 50% of Storebrand's property base is internally managed and certified through the Norwegian environmental management scheme Eco-Lighthouse. The Environmental Manager, Real Estate, is responsible for ESG issues and reports to the Managing Director at Storebrand Real Estate. An environmental action plan has been developed, comprising energy management, environmental management systems for building operations and environmental strategy for new developments. Environmental classification through Breeam NOR is an important tool, which is used in renovations and new buildings as well as being introduced in operations (Breeam In-Use).
In operations, data on energy and water use, waste production and recycling monitored on a weekly and monthly basis, and is reported quarterly (internal), and annually (external). Currently, the main focus is on the implementation of energy efficiency measures , transition from fossil energy to renewable energy, the use of life cycle assessments when replacing technical installations, quarterly reviews of the environmental accounts of suppliers, Environmental reporting and environmental strategy for the portfolio of external managers is to be further developed.