The Storebrand Board of Directors is responsible for the overall oversight on responsible investments. Goals for responsible investments are set at Group, division, department and team level, with corresponding action plans. Status on the action plans is reported quarterly to the Executive Committee (EC) of Storebrand Asset Management, biannually to Group Head of Corporate Sustainability, annually to the Board of Storebrand Asset Management, and annually to the Group EC and Group Board of Directors.
Storebrand's ESG research team is responsible for conducting the responsible investment analyses and coordinating the engagement and proxy voting activities. The team is part of Front Office. The Fund Selection Team is responsible for the follow up of external managers with respect to our ESG criteria. The Chief Investment Director reports to the Head of Asset Management and Banking, who is member of the Group Executive Committee.
Seven senior managers and executive directors constitute Storebrand's Sustainable Investment Committee. The Committee makes the final decision on whether or not a company is excluded or not from investment, based on the Storebrand Standard criteria on controversial issues, including human rights and international humanitarian law, corruption and economic crime, as well as serious environmental degradation.