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 Jan Erik Saugestad, CEO Storebrand Asset Management.
Jan Erik Saugestad, CEO Storebrand Asset Management.

Pressemelding -

Substantial growth in fossil free funds

Two years ago, the Storebrand Group launched its first fossil free fund. The group's total AUM in fossil free investments now amounts to USD 7.6 bn, representing 8.5 % percent of total AUM.

– I have never seen a group of funds grow at this rate before. From initially being a niche product, it has become an obvious building block in many sustainable investment portfolios, says Jan Erik Saugestad, CEO Storebrand Asset Management.

The growth in these funds both come from an increased customer demand, and a clear strategy of Storebrand to move their own assets in a low carbon direction.

– At Storebrand, the house has a view. We invest in these funds to diversify our client's climate risk through lowering their CO2 exposure. We also see an increased amount of clients with a specific low carbon investment strategy. The development is a clear signal that a true shift in sustainable investments is on its way and that our clients wish to further act upon their growing concern for climate change, says Suagestad.

Norway's largest investor Storebrand, with USD 89 bn AuM, integrates sustainability at the core of its business strategy. With more than twenty years of experience with sustainable investments, considerable steps has been taken towards a low carbon economy. The latest additions to its strategy is a new fossil free product line growing more rapid than ever seen before.

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About Storebrand

Storebrand's ambition is to be the best provider of saving for pensions. Storebrand will deliver sustainable solutions adapted to the customer's individual situation, so that each person receives a better pension in a more sustainable world. Storebrand has about 40.000 corporate customers and 1.9 million individual customers, and is headquartered in Lysaker outside of Oslo, Norway. Storebrand manages more than NOK 707bn and is Norway's largest asset manager. We work hard to reach our vision: Recommended by our customers. Storebrand (STB) is listed on Oslo Stock Exchange.

Visit us at www.storebrand.no and follow us on twitter: @Storebrand_no

Kontakter

Pressetelefon

Pressetelefon

Pressekontakt Generelle mediehenvendelser +47 480 44 838

Kundehenvendelser

Pressekontakt Logg inn og send "sikker melding" Dette pga personvernhensyn www.storebrand.no/infosider/ny-melding Klikk her - logg inn for å sende sikker melding
Anne Lindeberg

Anne Lindeberg

Pressekontakt Kommunikasjonsansvarlig Bærekraft +47 918 36 656
Vibeke Hoff Norbye

Vibeke Hoff Norbye

Pressekontakt Senior kommunikasjonsrådgiver +47 913 67 660
Sara Skärvad

Sara Skärvad

Pressekontakt Director of Communication Storebrand Asset Management +46 70 621 77 92
Stig-Øyvind Blystad

Stig-Øyvind Blystad

Pressekontakt Kommunikasjonsdirektør +47 918 47 226

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