S-HUB members' 2018 sustainability and integrated reports

16/4/2019

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Founding Partner

"Here are some examples of highlights from our sustainability report 2018:

There is no future for coal in the energy mix if we are to achieve the 1.5 degrees target set in the Paris Agreement. That is why Storebrand, in 2018, launched our coal exit strategy. Storebrand will exit all coal companies by 2026, by decreasing the revenue threshold by 5 % every other year. We are divesting gradually because we want the companies to assess the risk of producing coal and seek new investment opportunities in renewable energy. We believe that gradual divestment will give other investors the opportunity to join a broad withdrawal from coal investments.
Storebrand is an active owner. Companies with a more sustainable business model are the ones best equipped to provide long term returns. Therefore, in 2018, Storebrand engaged with 314 companies to influence their business activities in a sustainable direction, regarding issues such as climate action, deforestation and human rights.
Storebrand launched a case study in cooperation with Equinor on climate risk reporting under the TCFD framework.
In 2018, we also continued to develop our sustainability rating – a vital factor for optimizing our sustainable portfolios."

-Margrethe Assev, Strategic Communications Advisor — Sustainability

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Leading Members

“Statkraft’s Corporate Responsibility Report for 2018 summaries the company’s strategy, ambitions, activities and result for our material sustainability areas. These include health and safety, environment, climate change, human rights and business ethics. Over time these issues have become an integrated part of Statkraft’s business activities and are now always considered in e.g. project development and M&As. The world’s interest in these topics is increasing and in our work we take guidance from available international standards and best practice, including the company’s contribution to the implementation of the SDGs.”

-Anna Göhlman, Senior Advisor — Corporate Responsibility and Compliance

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Corporate Members

"At Norsk Gjenvinning, sustainability is at the core of our vision and based on the following four pillars: circular economy, compliance, own footprint and social responsibility. In addition, we have chosen three of the UN Sustainability Goals, 11, 12 and 13 that we contribute to achieving, through our daily operations. Sustainability is integrated in our strategy and engrained in our operations. To underline this focus, our annual report has a combined emphasis on financials, operations and sustainability. In addition, we publish a sustainability report online which provides further details and specific examples on how sustainability is the driving force behind our improvement and innovation initiatives. This year we are implementing scope three in our reporting, which will allow us to make educated purchases and the ability to change vendors or put pressure on our existing ones, in order to minimize our total impact, and increase our transparency."

-Hans Fredrik Wittusen Director of Strategy and Sustainability

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"During 2018, in depth stakeholder engagement was a main priority. We spent considerable time speaking to a broad range of key stakeholders to review our sustainability priorities and get input on what sustainability issues and topics are most important to them.

Key 2018 highlights:

Best sustainability reporting: Ranked amongst the top 15 companies of the 100 largest listed companies in Norway by The Governance Group
Global commitment: Became a signatory to the UN Global Compact to reinforce our commitment to its ten principles relating to labour conditions, human rights, environment and anti-corruption
Improved sustainability framework: Developed an integrated sustainability framework with key ambitions and targets
Climate reporting: Prepared for reporting to the CDP (Carbon Disclosure Project) in 2019"

-Julie Hamre, Senior Sustainability Advisor

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