This report shows public data only. Is this your organisation? If so, login here to view your full report.

Storebrand Asset Management

PRI reporting framework 2020

serch-btn
Organisational Overview
Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]
Strategy and Governance
Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Innovation [SG 18] Communication [SG 19]
Indirect – Manager Selection, Appointment and Monitoring
Selection [SAM 02 - 03] Appointment [SAM 04] Monitoring [SAM 05 - 07] Outputs and outcomes [SAM 08 - 09]
Direct - Listed Equity Incorporation
ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (B) Implementation: Thematic [LEI 07] (C) Implementation: Integration of ESG factors [LEI 08 - 10] ESG incorporation in passively managed listed equities [LEI 11] Outputs and outcomes [LEI 12 - 13]
Direct - Listed Equity Active Ownership
Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]
Direct - Fixed Income
ESG incorporation in actively managed fixed income [FI 01 - 12] Implementation processes [FI 01 - 03] (A) Implementation: Screening [FI 04 - 06] (B) Implementation: Thematic [FI 07 - 09] (C) Implementation: Integration [FI 10 - 12] ESG incorporation in passively managed fixed income [FI 13] Fixed income - Engagement [FI 14 - 16] Outputs and outcomes [FI 17 - 18]
Direct - Property
Overview [PR 01] Fundraising of property funds [PR 02 - 03] Pre-investment (selection) [PR 04 - 06] Selection, appointment and monitoring third-party property managers [PR 07] Post-investment (monitoring and active ownership) [PR 08 - 14] Overview [PR 08] Property monitoring and management [PR 09 - 10] Property developments and major renovations [PR 11] Occupier engagement [PR 12 - 13] Community engagement [PR 14] Outputs and outcomes [PR 15 - 16]
Confidence building measures
Confidence building measures [CM1 01 - 07]
Export Public Responses
Pdf-img

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

All group sustainability objectives are reviewed twice a year, including RI objectives.

All internally managed funds are subject to an annual fund review where fund managers must demonstrate that the sustainability objectives of the fund are being met.

The Storebrand Asset Management Board also has a yearly review of voting and active engagement activities, before it delegates voting rights to Fund Management.

In addition the sustainable investment team conducts a strategy seminar at the beginning of each calender year to decide on focus areas and new innovation/developments for the coming year. The previous year is also reviewed in terms of ESG, financial and communication outcomes.

SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator 

          Storebrand Asset Management finalised a sustainability ratings system in 2019; held presentations for fund managers on data inputs and on how the score was compiled.

Progress achieved

Increased understanding and use of ESG score in Fund management.

Key performance indicator 

          New page on website describing prioritized engagement areas for 2019-20, Deforestation, Occupied Territories, Money Laundering and decarbonization of companies.

Progress achieved

Better communication through establishment of website. All main engagements for 2019 are published together with ongoing engagements for 2020.

 

Key performance indicator 

          Focus on collaborative and proactive engagements. Continued thematic focus on Climate. and Gender Diversity. New themes Deforestation, Money laundering and Occupied Territories for 2019-20

Progress achieved

Increased number of collaborative and pro-active intiatives in 2019

Key performance indicator 

          Implementation of daily automatic reading of selected ESG information into internal database from external ESG data provider. For example % revenues from fossil fuels.

Progress achieved

Database in daily use.

Financial performance of investments

ESG characteristics of investments

Key performance indicator 

          Proportion of AUM invested in solution Stocks and renewable energy continues to be a key area of focus and improvement.

Progress achieved

Result for 2019: 9,3 % of total AUM. Includes cleantech investments, green bonds and green certified real estate investments.

Key performance indicator 

          Optimisation on ESG ratings implemented for new funds in Index near portfolios.

Progress achieved

Implementation and management of targets for ESG ratings on selection of ESG funds. For example 80% in average ESG rating for fund compared to 70% for benchmark for passively managed sustainability funds.

Other activities

Key performance indicator 

          Membership of SWESIF and NORSIF. Board member of NORSIF

Progress achieved

Maintained membership of both organisations and participated both in board meetings and in working groups throughout 2019. Initiated Investor Statement on Deforetsation sent to Brazilian Soy and Cattle producers in close cooperation with the PRI.

other description (1) 

          Customer focused target covering Storebrand's sustainable products

Key performance indicator 

          Recognised for sustainable value creation (Prospera Survey: Corporate Market Norway)

Progress achieved

#1 in survey in 2019

other description (2) 

          Making Sustainability funds available to wider client base

Key performance indicator 

          Registration of sustainability funds in Luxembourg for distribution in selected European markets.

Progress achieved

The expansion of Storebrand's sustainability funds in Europe has started with our flagship Storebrand Global Solutions fund registered in Luxembourg and supported by offices in the Netherlands, UK, Germany and Denmark.

06.2. Additional information.

Previous Section Next Section
Top