70) Applies to volume of our purchases in NOK to suppliers with over NOK 1 million in sales to Storebrand 71) We have set a target to reduce our emissions by 7,6% per year by 2025 with a 2019 baseline year. Due to the Covid-19 pandemic, our emissions in 2020 were abnormally low. We will consider adjusting our long-term targets when the pandemic stabilises and working-life becomes more normalised.
72) A top 10% rank entails that Storebrand will be included in the Dow Jones Sustainability Wolrd Index. Score and percentile as expressed in the indicator can therefore not be directly compared with the target expressed here.
75) The figures apply to our Norwegian enterprises, as these are complaints dealt with in the Financial Complaints Commission. SPP not included here.
Definitions apply to the KPIs in Chapters 2 - 6 of this report, and all the KPIs in the complete list of sustainability KPIs above
A driving force for sustainable investments Return on equity: Return on equity
Solvency II: Common European regulatory framework for insurance regulation. Under Solvency II, the size of the capital requirement will be determined by how much risk the company is exposed to.
Dividend/Pay-out ratio: Dividend as a share of profit after tax. (see Dividend Policy on p.51)
Per cent of AuM screened for sustainability: All companies in our investment universe are screened for sustainability according to our standards: https:// www.storebrand.no/en/sustainability/investments Fossil-free products: The companies in the portfolio may have no more than 5% of their revenues related to the production or distribution of fossil energy, and the fossil reserves shall not exceed 100 million tonnes of CO2.
Carbon footprint in equity investments: Results per Q3 2020. Based on TCFD’s definition. The fund’s total carbon footprint is the sum of the companies’ carbon emissions over the companies’ revenues, weighted for our ownership of the respective companies. The unit of measure shows carbon emissions per million fund currency in NOK. The method is the same for stocks and bonds.
Light duty automobiles, 25102010 Heavy duty automobiles, 20304020, 20104020 Aluminium, 15104010
Investment in solutions (solution companies, Green Bonds, and real estate investments with Green Building Certificate): Total share of managed capital invested in solution companies, through our portfolio of clean technology, renewable energy and green bonds in equity and interest rates in Storebrand and SPP. Direct real estate investments under operational control in Norway and Sweden with environmental certification. Investments in green bonds: Green bonds enable capital raising for new and existing projects with environmental gains.
Investments in solution companies: The investment in solution companies, through our portfolio of clean technology and renewable energy, among others, in Storebrand and SPP.
Certified green property: Share direct real estate investments under operational control in Norway and Sweden with environmental certification.
Waste sorting in direct real estate investments: Share of source sorted waste from real estate including tenants. Residual waste is sorted mechanically at the recycling plant, and mainly goes to energy recovery.
Market share Savings Norway PM: Based on Q3 figures from Finans Norway and VFF (Mutual Funds Association).
Association to profitable sustainability: Averages of the share that connects Storebrand with sustainability, environmental responsibility and corporate social responsibility.
Leader level 1-3: Level 1=CEO Level 2=Group management Level 3=Reports to group management, with the exception of personal assistants
Turnover: Permanent employees who quit in 2020 with the exception of voluntary severance agreements between employer and employee, reduction in workforce or retirement, divided by average number of permanent employees in 2020.
Number of employees in different age groups/sex: Includes Norway and Sweden. Discrepancies compared to the total number of employees are due to the fact that gender is not registered for all employees and that Værdaksbruket is not included in these figures.
CEO - Average Worker Pay Ratio: Basic salary for CEO relative to average salary for all employees in Norway
Keeping our house in order Environmental requirements for suppliers: Share of contracts with suppliers where Storebrand has over 1MNOK in procurement where the supplier is certified or meets requirements according to one or more of the following environmental certification systems: Miljøbas, Miljøfyrtårn, Svanen, ISO 14001, CO2 neutral.
Paper consumption: Consumption of office paper (copy and bond paper), envelopes, advertisements, including externally printed and regulatory letter attachments in kilograms per full-time employee in both Norwegian and Swedish operations.
Professor Kohts vei 9, Postboks 500, 1327 Lysaker, telefon 915 08880, storebrand.no