abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Company Response

22 Jul 2019

Author:
Storebrand

Storebrand response

...Sustainability has for many years been an integral part of our asset management services.  We recognize the vital role forests play in climate change mitigation, biodiversity protection and in supporting livelihoods. Our work on deforestation started already in 2013 when we divested our shares in eleven of the twelve palm oil companies in which we were invested. Since then, we have expanded our work on deforestation to also focus on other forest-risk commodities such as soy, timber and cattle products and are active participants of the PRI working groups on palm oil, cattle/soy and ASEAN banks. We expect companies to commit to eliminate deforestation from their supply chain to help end global deforestation and that  company’s production, sourcing, and financial investments do not cause or contribute to the loss of natural forests. Companies should commit to eliminating the conversion of other natural ecosystems from their supply chains and that its activities do not cause or contribute to the loss of natural ecosystems. We furthermore expect companies to commit to respect human rights, including the rights of indigenous peoples and local communities. Internationally recognized rights of workers should be respected in all production and trade activities in their operations and supply chains and to conduct business consistent with the Universal Declaration on Human Rights and ILO Core Conventions...

Timeline

Privacy information

This site uses cookies and other web storage technologies. You can set your privacy choices below. Changes will take effect immediately.

For more information on our use of web storage, please refer to our Data Usage and Cookies Policy

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Analytics cookie

ON
OFF

When you access our website we use Google Analytics to collect information on your visit. Accepting this cookie will allow us to understand more details about your journey, and improve how we surface information. All analytics information is anonymous and we do not use it to identify you. Google provides a Google Analytics opt-out add on for all popular browsers.

Promotional cookies

ON
OFF

We share news and updates on business and human rights through third party platforms, including social media and search engines. These cookies help us to understand the performance of these promotions.

Your privacy choices for this site

This site uses cookies and other web storage technologies to enhance your experience beyond necessary core functionality.