Founded in 1767, Storebrand offers pension, savings, insurance and banking products. With NOK 633 billion (US$ 70 billion) of assets under management as of December 31 2019, Storebrand is Norway's largest private asset manager.
Storebrand first appointed a Sustainable Investment team in the mid 1990s to develop the firm's approach to negative exclusions. Today, the firm implements a screening criteria to all its funds around environmental practices, corruption, human rights, coal, oil sands, controversial weapons, cannabis and unsustainable palm oil. Furthermore, Storebrand developed a scoring methodology for companies that enables them to assess both ESG risks and contribution to the SDGs in a consistent manner.