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Using non-financial reports in investment analyses

Using non-financial reports in investment analyses. BI, 3 June 2008 Christine Tørklep Meisingset Head of Responsible Investments, Storebrand. 13 years of experience. Storebrand Principle Funds. SRI Storebrand Life Insurance. Storebrand SRI Group Standard.

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Using non-financial reports in investment analyses

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  1. Using non-financial reports in investment analyses BI, 3 June 2008 Christine Tørklep Meisingset Head of Responsible Investments, Storebrand

  2. 13 years of experience Storebrand Principle Funds SRI Storebrand Life Insurance Storebrand SRI Group Standard Storebrand/Scudder Environmental Value Fund Storebrand Global SRI fund Microfinance 2007 1995 1997 1999 2001 2003 2005 World Business Council for Sustainable Development UN Global Compact+Global Reporting Initiative (GRI) SRI on Norwegian Gov. Pension Fund – Global UN Principles for Responsible Investments

  3. Group SRI standard Landmines (2)Cluster munitions (8)Nuclear weapons (12) Corruption (11) Human rights and labour rights (7) Tobacco (13) Severe environmental degradation (1) 10% worst performers in high risk industries (48) A total of 96 companies are excluded from Storebrand’s investments as of March 2008. Applies to all funds and pension portfolios. Based on international standards and norms, e.g. UN, ILO, OECD, Ottawa, Kyoto.

  4. Methodology • Negative screening • Best in Class analysis • Engagement

  5. Best in Class: industry comparison Employee satisfaction OHS Stakeholder communication Monitoring of suppliers Employees Local community Management systems Policy on human rights Suppliers Company Shareholders Environment CO2 Corporate Governance Energy intensity Reporting Research and development

  6. Overview

  7. Commitment

  8. ” Our major contribution to society will come through our core business, rather than through our philanthropic programs If action to address such issues is to be substantial and sustainable, it must also be profitable We’re not in business to be popular, but it helps to be trusted Report from WBCSD 2006; From Challenge to Opportunity

  9. Targets

  10. GRI

  11. Results: pharmaceuticals

  12. Storebrand's responsibility is to create value, but we are not indifferent to how this is achieved Idar KreutzerCEO, Storebrand

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