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Storebrand ASA

PRI reporting framework 2020

Export Public Responses

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Property developments and major renovations

PR 11. Proportion of developments and refurbishments where ESG issues were considered

11.1. Indicate the proportion of active property developments and major renovations where ESG issues have been considered.

(by number of active property developments and refurbishments)

11.2. Indicate if the following ESG considerations are typically implemented and monitored in your property developments and major renovations.

11.3. Additional information. [Optional]

Our general requirement of refurbishment and property development is the target to meet the mininum standards of 1) energy label B, 2) BREEAM NOR Very Good, and 3) have a sustainability plan that also covers ESG aspects not covered by BREEAM, or where certain BREEAM points and standards are made mandatory. Aside from this we have developed Fit-out guidelines for interior materials with preaxepted products and solutions. This in order to reduce investment costs, optimize operation costs, and not the least - take care of environmental aspects (life-cycle energy consumption, GHG emissions, recycling/circularity, pollution etc), and health, safety and wellbeing of entrepreneurs, tenants and actors in product value chain.

Projects are to establish a sustainability program from day one, to be continuously developed through the phases from concept sketching through area zoning, architect contests etc to tendering and building, in order to secure high ESG quality in both process and resulting property. Guidelines for sustainable procurement are especially focused in the tender process, tender documents and final contracts, to safeguard high ESG standards in the high risk project value chain.