Storebrand’s real estate portfolios receive top ratings in GRESB

Storebrand Real Estate continues to deliver strong results in the global GRESB sustainability assessment. All three assessed property portfolios in Sweden and Norway have been awarded the highest rating of five out of five stars. Two of the Norwegian portfolios have also been named Global Sector Leaders in their respective categories.

The three portfolios SPP Fastigheter, Storebrand Livsforsikring’s property portfolio and Storebrand Eiendomsfond Norge all achieved scores above 90 out of 100 in this year’s assessment. The results demonstrate Storebrand Real Estate’s continued strong commitment to sustainability in its property management operations in Sweden and Norway.

Sweden: Highest Rating for the Ninth Time
In Sweden, SPP Fastigheter has been awarded five stars for the ninth time, ranking 8th out of 270 participants in the Diversified, Non-listed, Core category.

- Once again receiving five stars and ranking highly in the international comparison is a strong endorsement of our long-term sustainability efforts. We continuously work to improve the sustainability performance of our properties and create long-term value for our clients. Better data also enables us to make more informed decisions and reduce risks across the portfolio, says Henrik Svensson, Head of Sustainability at Storebrand Real Estate, Swedish Branch.

Norway: Two Portfolios Named Global Sector Leaders
The Norwegian property portfolios also delivered strong results. Storebrand Livsforsikring’s property portfolio achieved its highest score to date, with 95.6 points, while Storebrand Eiendomsfond Norge scored 95 points. Both portfolios received five stars and were named Global Sector Leadersin the Diversified – Office/Retail and Diversified – Office/Industrial categories, respectively.

- These results are an important recognition of the long-term efforts we have undertaken across our Norwegian property portfolios. The fact that both portfolios have received five stars and have also been named Global Sector Leaders demonstrates the strength of our systematic approach to sustainability, both in day-to-day property management and in the development of our properties, says Rune Stenbro, Head of Sustainability for Norway at Storebrand Real Estate.

A Long-Term Commitment to Sustainability
GRESB’s annual assessment evaluates several factors, including governance, risk management, stakeholder engagement, and the energy, climate, water and waste performance of properties.

The results reflect Storebrand Real Estate’s efforts to integrate sustainability considerations throughout its property management operations, from investment decisions and property development to day-to-day operations and ongoing monitoring.

GRESB is a global standard for measuring and benchmarking sustainability performance in the real estate and infrastructure sectors. A five-star rating indicates a position among the top 20% of participants in the GRESB benchmark. This year’s assessment included 1,002 fund and property managers, with a total of 2,382 assessments.

Storebrand Real Estate manages a property portfolio valued at approximately EUR 9 billion, comprising 250 properties and more than 2 million square metres of lettable space. The real estate team consists of over 80 employees across the Nordic region. Storebrand Real Estate AS, Swedish Branch, is responsible for the management of SPP Fastigheter.

Disclaimer: This is marketing material intended for professional investors. Investing involves risk. The financial services and products described in this material are intended only for markets where we have the necessary marketing permissions. This material is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be prohibited by applicable law. GRESB ratings and awards relate to the specific property portfolios assessed and do not constitute an assessment of Storebrand Real Estate as a whole. Past sustainability ratings are not a guarantee of future sustainability performance. Additional information, including relevant fund prospectuses and legal documentation, is available upon request. Contact Persons | Storebrand Asset Management.