Storebrand Asset Management

Storebrand Asset Management recognized net revenue of NOK 638 million for the second quarter of 2024, including net performance revenues. Positive inflow and strong markets contributed to an increase in AuM, counteracted by strengthened NOK against other currencies. In total, AuM increased to an all-time high of 1 298 billion. “A positive second quarter for us with increasing revenues, AuM, and inflows across the Nordics. The favourable market sentiment in Real Estate continued into the second quarter, particularly in Norway, where the transaction market was notably active with increased volume. Cubera X, our largest secondary buyout fund, is approaching hard cap and has already committed over 20 percent of its capital. I am also very happy to announce that we have increased our ownership in AIP Management to strengthen our offering in the infrastructure space”, says Jan Erik Saugestad CEO Storebrand Asset Management. To the full pressrelease 👇 🔗https://lnkd.in/dhyvY3Rj #assetmanagement #infrastructure #sustainability #valuebeyondreturn

🍀 Happy to announce that Storebrand Asset Management has increased its ownership in Danish infrastructure fund manager AIP Management. This acquisition will strengthen Storebrands offering in alternative investments and accelerates our growth strategy within alternative assets.     🍀 The increased ownership gives Storebrand control over a well-established infrastructure platform that is complementary to its existing alternatives offering that includes #realestate, #privateequity, and #privatecredit. At the same time, AIP will benefit from Storebrand’s strong market position, scale, and investor relationships.   AIP will continue to be led by its current Partners, retaining its independence and operating under the AIP brand, as part of the Storebrand Asset Management multi-boutique offering. The owners, which continues to include the Danish pension funds PKA and PenSam as well as the Partners in AIP, will build upon the strong partnership to further develop and strengthen the AIP platform.   "AIP will expand our investment offering in infrastructure and will strengthen Storebrand Asset Management's position as an investment partner and a leader in sustainable investments. Our clients show great interest in long-term investments with stable returns and positive impact like infrastructure. AIP has a strong track record and sustainable investing is at the core of AIP’s investment strategy. The partnership with the other Danish pensions funds has worked well and together we now take AIP to the next level", says CEO Storebrand Asset Management Jan Erik Saugestad. To the full press release 👇 https://lnkd.in/dEQCuXmw #alternativeinvestments #infrastructure #assetmanagement #sustainability

Equity and the principle of “common but differentiated responsibilities” was fundamental to the signing of the Paris Agreement, but have they been actualized since 2015? In this most recent paper, Lauren Juliff and Henrik Wold Nilsen dive into the #decarbonization and #derisking in #developing #economies in a way that upholds the spirit of the Paris Agreement. Read full paper here ➡ https://lnkd.in/daEw84Uf Investments involve risks. Storebrand Storebrand Asset Management Sverige Storebrand Asset Management UK SPP Storebrand Fonder

Last week Lauren Juliff spoke at the Future of Investment festival, explaining 2 paradoxes of Paris aligned investing: 1️⃣ Article 2.1c of the Paris Agreement refers to “making finance flows consistent with a pathway towards low greenhouse gas (GHG) emissions and climate-resilient development.” • However carbon intensity as measured by Scope 1-3 emissions data does not necessarily reflect climate transition risk. • Risk of solution companies being mistakenly viewed as “high risk” compared to fossil dependent companies. 2️⃣ Article 2.2 requires we “reflect equity and the principle of common but differentiated responsibilities and respective capabilities, in the light of different national circumstances" • However Emerging Market ‘Paris Aligned’ benchmarks are being forced to decarbonise at same rate as Developed markets PABs - pathways aren’t distinguishing between EM and DM. • Most sizeable opportunities in our universe for climate solutions are in EM, however many “Paris aligned” or “low carbon” trackers lack solutions diversification and often have higher tracking error vs market cap indices. Our white papers explore this in greater detail: https://lnkd.in/eCaXk-a7 #parisalignment #climaterisk #investmentrisk

Lauren Juliff, Climate and Sustainability Product Lead presents at the Future of Investment Festival, in London tomorrow 5th June, where delegates will learn: ➤Why the Storebrand ESG Plus funds were launched ➤Two paradoxes associated with 'passive' Paris aligned investing ➤Why the use of climate data in portfolio construction requires expert oversight ➤How our diversified, systematic approach can help investors better align with the long term goals of the Paris agreement #futureofinvestmentfestival #sustainablefunds #investmentfunds

🌿 Today we mark 2024’s #InternationalDayforBiologicalDiversity! 🌿 As we have entered the “decade of delivery”, the time is right to get serious about aligning finance with biodiversity action to accelerate the mobilization of resources towards countries to reach their biodiversity targets and commitments. Emine Isciel, co-chair of the Finance for Biodiversity (FfB) Foundation working group on Public Policy Advocacy, developed this Op-Ed as a position ahead of the UN CBD #COP16 preparatory meetings in Nairobi, Kenya next week where she will be representing Finance for Biodiversity.   Governments are expected to move towards closing the biodiversity finance gap of $700 billion per year and work towards aligning financial flows with the #BiodiversityPlan. As large as the funding gap might be, Emine Isciel argues that it can be closed. Much of what’s needed is smarter policy that will influence investment choices, shifting the existing flows of private capital away from harmful behaviors and toward outcomes that benefit nature. This means that the biggest opportunity to close that gap is to reduce existing harmful private financial flows. When delegates enter discussions in a few weeks’ time, they should alongside their discussion on how to scale up commitments to biodiversity finance, also identify and address systemic challenges that are slowing down the alignment of public and private financial flows.   Please reach out to her if you would like to discuss our position! https://lnkd.in/dWejfFwt Anita de Horde Finance for Biodiversity

In our #sustainable #investment #reviews, we periodically explore cross-cutting topics of interest in sustainable investment, through a mix of contextual overviews, insights and occasionally guest contributions from experts in the field. For this first quarter of 2024, we take on the issue of #transparency. A critical enabler for achieving sustainable investment, transparency should take center stage in streamlining connections between companies, investors, and ultimate beneficiaries and other stakeholders. Explore #transparency further on our website ➡ https://lnkd.in/drq3pPds Storebrand Storebrand Asset Management Sverige Storebrand Fonder Storebrand Asset Management UK SPP

Thank you Alice Tchernookova of ESG Investor for shedding light on an important concern for investors 👏 💐 Storebrand has been trying to engage with Amazon on workers’ rights for over four years, within various investor engagement coalitions. Despite many attempts - including escalating our dialogue by sending letters to the board of directors – the message hasn’t gotten through. In the words of Storebrand Asset Management's head of human rights Tulia Machado-Helland: "We haven’t seen progress and worker rights infringement allegations continue to arise, despite Amazon’s stated commitment to respecting workers’ rights. As a result, we once more saw it necessary to co-file a shareholder resolution this year." Looming ahead is the fact that large companies such as Amazon may be facing increased financial risk, due to emerging EU regulation requiring mandatory human rights due diligence (CSDDD) - which also applies to non-EU large companies conducting business in Europe. The regulation would mean that a company can be held liable for intentionally, or negligently, failing to prevent or bringing human rights adverse impacts to an end. #workersrights #justtransition #CS3D Storebrand Asset Management Sverige Storebrand Asset Management UK Storebrand Fonder SPP

Thank you to Nordic Edge Expo for a great conference in Stavanger kommune! I participated in a panel discussion with Sheva Rostam, Bjørn Arve Ofstad, and Katharina Moser. Key takeaways: 🛜 Leadership across industries means connecting interdisciplinary expertise 💻 Streamline data, understand the "language" of other occupations 🏅 Be brave, ambitious and dare to invest accordingly 🔋Recharge your batteries to make the best decisions #BeTheChange and create #ValueBeyondReturn through collaboration in all sectors! Storebrand, Storebrand Asset Management, Storebrand Asset Management Sverige, Storebrand Asset Management UK

Yes, CSDDD isn’t perfect - but it’s still a great start! Tune in to Kamil Zabielski for insight on the recently approved legislation's influence over corporations: For him, despite the watering down of some aspects, "it's still a win that we now have a law in place, holding the biggest companies with global footprints accountable for preventing, mitigating and remedying human rights and environmental abuses within their supply chains." Follow the link to read more on the legislation and Storebrand's own position ➡ https://lnkd.in/eM5CVE4p Storebrand Storebrand Asset Management Sverige Storebrand Fonder Storebrand Asset Management UK SPP