using non-financial reports in investment analyses
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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. - PowerPoint PPT PresentationTRANSCRIPT
Using non-financial reports in investment analyses
BI, 3 June 2008
Christine Tørklep MeisingsetHead of Responsible Investments, Storebrand
2
13 years of experience
1995
Storebrand/Scudder
Environmental Value Fund
1997 1999 2001 20052003
Storebrand Principle Funds
SRI Storebrand Life Insurance
Storebrand Global SRI
fund
Storebrand SRI Group Standard
2007
Microfinance
UN Principles for Responsible
Investments
World Business Council for Sustainable
Development
UN Global Compact+
Global Reporting Initiative (GRI)
SRI on Norwegian Gov. Pension Fund –
Global
3
Group SRI standard
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.
Human rights and labour rights (7)
Corruption (11)
Severe environmental degradation (1)
Landmines (2)Cluster munitions (8)Nuclear weapons (12)
Tobacco (13)
10% worst performers in high risk industries (48)
4
Negative screening
Best in Class analysis
Engagement
Methodology
5
Best in Class: industry comparison
Employees
CompanySuppliers
Shareholders
Local
community
Environment
Energy intensity
Management systems
CO2
Reporting
OHS
Monitoring of suppliers
Research and development
Policy on human rights
Stakeholder communication
Employee satisfaction
Corporate Governance
6
Overview
7
Commitment
8
”Our major contribution to society will comethrough our core business, rather thanthrough 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
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Targets
10
GRI
11
Results: pharmaceuticals
12
13
Storebrand's responsibility is to create value,but we are not indifferent to how this is achieved
Idar KreutzerCEO, Storebrand