Storebrand Asset Management UK

🌍Following more than a decade of powerful growth and mainstream acceptance, sustainable investing is currently facing perhaps its greatest test. 🌍Environmental, Social and Governance (ESG) has always faced resistance – usually on the grounds that politicians are best placed to tackle its issues while investors should concentrate on profit maximisation – but this has recently reached a crescendo. 🌍The opposition is greatest in the US, where investors have historically focused on ESG’s upside potential but now face mounting political, legal and financial threats to curb their sustainability activities. Companies have also come under the spotlight, with many scaling back or cancelling diversity, equity and inclusion (DEI) commitments and targets. 🌍These developments have themselves met resistance, placing sustainable investing at a crossroads and raising important questions about its future. 🌍The current spotlight on ESG highlights its complexities but also strengthens our view that investing sustainably is vital for a healthy planet, thriving society and the best long-term client results. 🌍For Storebrand, which created an ESG team in 1995, the debate underlines the nuances of the issues involved but also reaffirms our approach and commitments to investing sustainably. 🌍 We are among the long-term asset managers that see sustainability as an important factor in delivering their fiduciary duty and remain steadfast on both our approach and commitment. Read the full post by CEO Storebrand Asset Management Jan Erik Saugestad in the link below 👇 https://lnkd.in/d73J7JiZ

Where #climate data meets #investment strategy! 🌱📊 We were delighted to host Lauren Juliff from Storebrand Asset Management UK at our weekly seminar series. her talk on 'The Future of Paris Aligned Investing' presented fascinating research on potential unintended consequences of new climate reporting regulations for pension schemes. ❓ Can financial institutions genuinely contribute to our climate goals? Let us know what you think in the comments. Thanks, Lauren for bringing industry perspectives to our academic community, and connecting climate data with portfolio construction in such an accessible way! #SustainableFinance #ParisAlignment #ClimateRegulation #DEGcommunity

On 27-28 March we are proudly sponsoring the Local Government Chronicle Investment Seminar on 'Ensuring the Sustainability of the LGPS in a Rapidly Evolving World'. At Storebrand Asset Management, we believe that sustainability must be at the heart of Local Government Pension Scheme (LGPS) investment strategies. This was highlighted in our response to the UK government's LGPS: Fit for the Future consultation, which emphasised the role of sustainability as a core driver of long-term financial resilience and pension scheme outcomes. While much of the industry debate has focused on pooling structures and scale, we also underlined the importance of integrating sustainability into investment frameworks to ensure long-term value creation for members. With many years’ experience of providing investment services to and working closely with LGPS clients, we believe that with greater focus and alignment on sustainability at fund level, LGPS can be fit for the future and our path to a net-zero economy. Read our full response here: https://lnkd.in/ekM7nrJM We welcome further discussion—how do you see sustainability shaping the future of LGPS investments? #LGPS #PensionFunds #SustainableInvesting #AssetManagement #NetZero

🚀 Join us at this year's LGC Seminar at Carden Park on March 27-28! We're excited to attend and host a workshop, where Lauren Juliff, Climate and Sustainability Product Lead & Head of UK Institutional, will explore the future of Paris-aligned investing and launch our latest whitepaper on the use of climate data in portfolio construction. 🌍📊 Looking forward to insightful discussions and connecting with industry peers. If you're attending, don't hesitate to reach out to Lauren Juliff, Spiros Alan Stathacopoulos, Tom Hoyer Millar, and Mehmet Ö. for a conversation! #LGC2025 #SustainableInvesting #ClimateFinance #ParisAlignedInvesting Storebrand Asset Management Storebrand Storebrand Fonder SPP emap

Reviewing the past quarter, the theme of taking action on nature and climate challenges was high on our agenda, and a special section of our Sustainable Investment Review for Q4 2024 is dedicated to the topic. 1️⃣ Nature and climate in focus - As we detail in this edition, Storebrand was active at the recent COP16 Biodiversity Conference, championing the views of finance sector on solutions to support nature, and the role that private capital can play in those solutions. With COP follow up talks to be held in Rome at the end of this month, Storebrand Asset Management CEO Jan Erik Saugestad shares his opinion on the gap between current pathways business activity, versus what’s required for nature to be able to continue to support life and financial value creation. The section also features updates from our engagements with companies in our portfolios on climate and nature issues. 2️⃣ Active ownership- Among other highlights of the quarter, Storebrand, represented by Head of Human Rights Tulia Machado-Helland, was invited to present insights on human rights due diligence at the 13th United Nations Forum on Business and Human Rights. In a related update, we offer a look at some of some of our efforts working with our peers active across the investment community, to reinforce awareness of, and methodologies for, human rights due diligence in the arms sector.  Machado-Helland is also the subject of this edition’s big interview, in which she relates her journey from early childhood in post-Franco era Spain, to the much-discussed US-Mexico border, and onto a career in sustainable investment. 3️⃣ Major exclusions- As is often the case, this quarter, we unfortunately took the difficult decision to divest from some companies, based on significant misalignment with our investment policies and standards. Among them was PDD Holdings, the parent company of internet retailer Temu. The exclusion was based on serious and systematic issues related to product safety; risk of forced labour; and potential liabilities regarding addictive service design. We also excluded the parent company of a major global palm oil supplier in Cameroon, due to risk of systematic violations of workers’ rights, among many other human rights problems. Palm oil is an ingredient present across the supply chain of virtually every industry, from foods to cosmetics, packaging, industrial chemicals and more. The full review in link below 🔗 https://lnkd.in/dg5DZeUX Kamil Zabielski Tulia Machado-Helland Emine Isciel Frédéric Landré Victoria Lidén Vemund Olsen Bård Bringedal Anne Lindeberg Margrethe Assev Johanna Lundgren Gestlöf

Reviewing the past quarter, the theme of taking action on nature and climate challenges was high on our agenda, and a special section of our Sustainable Investment Review for Q4 2024 is dedicated to the topic. 1️⃣ Nature and climate in focus - As we detail in this edition, Storebrand was active at the recent COP16 Biodiversity Conference, championing the views of finance sector on solutions to support nature, and the role that private capital can play in those solutions. With COP follow up talks to be held in Rome at the end of this month, Storebrand Asset Management CEO Jan Erik Saugestad shares his opinion on the gap between current pathways business activity, versus what’s required for nature to be able to continue to support life and financial value creation. The section also features updates from our engagements with companies in our portfolios on climate and nature issues. 2️⃣ Active ownership- Among other highlights of the quarter, Storebrand, represented by Head of Human Rights Tulia Machado-Helland, was invited to present insights on human rights due diligence at the 13th United Nations Forum on Business and Human Rights. In a related update, we offer a look at some of some of our efforts working with our peers active across the investment community, to reinforce awareness of, and methodologies for, human rights due diligence in the arms sector.  Machado-Helland is also the subject of this edition’s big interview, in which she relates her journey from early childhood in post-Franco era Spain, to the much-discussed US-Mexico border, and onto a career in sustainable investment. 3️⃣ Major exclusions- As is often the case, this quarter, we unfortunately took the difficult decision to divest from some companies, based on significant misalignment with our investment policies and standards. Among them was PDD Holdings, the parent company of internet retailer Temu. The exclusion was based on serious and systematic issues related to product safety; risk of forced labour; and potential liabilities regarding addictive service design. We also excluded the parent company of a major global palm oil supplier in Cameroon, due to risk of systematic violations of workers’ rights, among many other human rights problems. Palm oil is an ingredient present across the supply chain of virtually every industry, from foods to cosmetics, packaging, industrial chemicals and more. The full review in link below 🔗 https://lnkd.in/dg5DZeUX Kamil Zabielski Tulia Machado-Helland Emine Isciel Frédéric Landré Victoria Lidén Vemund Olsen Bård Bringedal Anne Lindeberg Margrethe Assev Johanna Lundgren Gestlöf

🌳 Lauren Juliff, Climate and Sustainability Product Lead, Head of UK Institutional, was featured on the latest PensionsAge digital magazine and spoke about maths, dance and inspirational women. Check it out on page 27 by clicking here: https://lnkd.in/e_atJUhN #PensionsAge #StorebrandAssetManagement #SustainableInvestment Storebrand Storebrand Asset Management Storebrand Asset Management Sverige

The new Principles for Responsible Investment of Responsible Investment 2024 report is now available! Every year, Storebrand submits a comprehensive report to the UN-backed Principles of Responsible Investment on our responsible investment frameworks and practices. This is part of our commitment as a signatory to the PRI. Storebrand ASA has been a signatory of the Principles for Responsible Investment (PRI) since 2006. From 2019 Storebrand Asset Management has been a PRI signatory in its own right. PRI produces assessment reports based on each signatory’s disclosures, to provide feedback and support learning and development. From 2023 to 2024, Storebrand improved our scores in two out of eight modules: Policy, Governance and Strategy and Confidence-Building Measures. For the remaining six modules, we maintained a high score. Each module is scored from 0-100. Signatories that choose to publish PRI's Assessment Report must also disclose their full Transparency Report, which the assessment is based on. Both reports should be read in conjunction, as the Assessment Report only lists score per module and indicator, whereas the Transparency Reports provides full disclosure of the basis for PRI's assessment. See the reports on the Storebrand website in the link below https://lnkd.in/dCGkue7b

🌍 Ben O'Donnell, CIO of Climate Asset Management was delighted to contribute to the recently published PensionsAge Sustainability Roundtable where he joined moderator Jerry Gandhi of C A P Services Limited, and fellow contributors Mark H of The Pensions Regulator, Martyn James of now:pensions, Lauren Juliff of Storebrand Asset Management UK, Anne Sander of ZEDRA Group, Jane Wadia of AXA Investment Managers and Justin Wray of the Pensions and Lifetime Savings Association. 🌳 The spirited discussion covered the evolution of sustainable investing in pensions today including the challenges facing trustees looking to meet their sustainability requirements and the growing focus on biodiversity.   👉 You can read the full article here https://lnkd.in/eSETVb6A   #NatureIsCapital #NaturalCapital #NatureBasedSolutions #ClimateResilience #SustainabilityRoundtable

Please join us online this Thursday for the annual SKAGEN New Year's Conference! 🎟️ Sign up now: https://lnkd.in/g8TANcYv Speakers include: David Einhorn, Co-Founder of Greenlight Capital, sharing insights on value investing. Alex Edmans, Professor at London Business School, discussing the intersection of finance and responsible business practices. ctices Loretta Mester, Former President of the Federal Reserve Bank of Cleveland, offering perspectives on U.S. monetary policy. Louis-Vincent Gave, Founding Partner of Gavekal, diving into emerging markets and global macroeconomic trends. Dan Gardner, renowned author and risk expert, exploring decision-making under uncertainty. SKAGEN Funds #skagenconference