Storebrand Asset Management recognized net revenue of NOK 576 million for the fourth quarter of 2022, including performance revenues realized at year end. During the quarter, we generated net inflows of NOK 8 billion, ending the period with NOK 1020 billion in Assets under Management (AuM), a net decline of NOK 77 billion or 7% in 2022.
Storebrand has had its emissions reduction targets approved by the Science Based Targets initiative as consistent with levels required to meet the goals of the Paris Agreement.
Storebrand has been assessed by the renowned Dow Jones Sustainability Index as one of the world's leading listed companies in work with sustainability.
"More than half of the world’s total GDP is moderately or highly dependent on nature and its services. Yet, the value of nature and “ecosystem services” has been largely unacknowledged by companies and their investors. This is despite the fact that failure to act could result in collapsing food systems, loss of livelihoods and pose a systemic risk to the global economy"
Storebrand Asset Management recognized net revenue of NOK 464 million for the third quarter of 2022. Overall, business in the quarter was impacted by geopolitical tensions, inflation, widening credit spreads and rising interest rates, which together are driving market turmoil and uncertainty.
Storebrand Asset Management generated net revenues of NOK 501 million in the second quarter of 2022, reflecting a solid 10% YOY growth relative to the same period last year, despite the turbulent context so far in 2022. The revenue growth in the quarter was driven by positive developments within our private equity solutions, as well as the effects of the Q3 2021 acquisition of Capital Investment.
Jan Erik Saugestad, CEO Storebrand Asset Management: "This pilot project shows how companies can provide meaningful data on their impacts and dependencies on nature. As an investor, this kind of reporting helps us assess risks and opportunities and channel our investments into the most sustainable companies."
A group of shareholders in JFE Holdings (“JFE”), one of Japan’s leading steelmakers, today welcomed the announcement of enhanced climate commitments by the company following recent engagement on the topic.
Storebrand Asset Management generated net revenues of NOK 470 million in the first quarter of 2022, ending the period with NOK 1040 billion in Assets under Management (AuM). The quarter was marked by extreme market volatility as a fallout of the Russian invasion of Ukraine, which drove significant macroeconomic shifts, a rise in geopolitical tensions and a new regime of sanctions.
Storebrand Asset Management is launching its first Finnish office in Helsinki this month, bringing a local touch to its ESG-integrated offering for institutional clients.
Due to the escalating situation in Ukraine, Storebrand has decided today to freeze all Russian investments and divest from Russia.
The Finance for Biodiversity Foundation launches a position paper with suggestions for the draft Global Biodiversity Framework (GBF) in preparation of the 15th meeting of the UN Biodiversity Conference of the Parties (COP15).