Below is a summary of the different roles we play in the PRI engagement groups we are members of:
Climate Action 100+: Storebrand has been leading the dialogue with Equinor with a strong focus on Paris alignment (scenario analysis, capex, targets, disclosure and policy dialogue). In order to support the adoption and implementation of the TCFD recommendations, Storebrand together with Equinor have carried out a case study to test the TCFD framework.
Palm oil: Leading the dialogue with Bank Mandiri with the aim to strengthen their policies to avoid environmental risks. Co-lead for Wilmar
Soy/Cattle: Storebrand has been co-leading the dialogue with Bunge (soya) and Marfrig with the aim to strengthen its policy and its implementation as well as the negative social impact its operations may cause.
Methane: Storebrand has a supportive role and has followed the development of methane guiding principles. The aim is to harmonise existing reporting frameworks used by the industry and investors.
In addtion, Storebrand has also had an active role within the FAIRR platform, being active in confernce call with Yum! Brands as part of the investor meat sourcing coalition towards the six largest fast food players (Restaurant Brands International; McDonalds; Wendy's; Domino's Pizza; Chipotle and Yum! Brands) aksing fast food giants to set tough targets to reduce the greenhouse gas emissions and water usage of their meat and dairy suppliers.