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@Storebrand
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Climate Love
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118 w
'In our new advertising campaign, we take a clear stand against what we believe to be outdated attitudes. At Storebrand, we believe those who solve tomorrow's challenges are also tomorrow's winners. That's why we're taking a hit to invest in the solutions of the future!' Have a look at the campaign here (sorry, it's in Norwegian): https://www.youtube.com/watch?v=HN1w5XpN4-Y&t=1s
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188 w
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187 w
Really great!
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188 w
Still, very cool initiative!
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188 w
Wow! As someone who would love to revisit Sweden, this resonates extremely strongly with me. Well done.
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188 w
Actually. Storebrand is a Norweigen company ;)
194 w
Storebrand, the $91bn Nordic asset manager, announced today their divestment from Exxon, Chevron and Rio Tinto in protest overt their lobbying against climate change. This is the first big asset manager to divest from companies due to their active lobbying against climate action and environmental protection. This is an expression of the growing global movement of companies and money turning away from environmentally degrading practices and companies. “Climate change is one the greatest risks facing humanity and lobbying activities which undermine action to solve this crisis are simply unacceptable. The Exxons and Chevrons of the world are holding us back,” said Jan Erik Saugestad, chief executive of Storebrand. This is only the beginning of divestments from the fossil fuel industry. More investors and asset managers are acknowledging their part in the transition and the severity of the climate crisis, while simultaneously recognizing the anti-climate lobbyism that's been slowing down climate action for decades. Read more here: https://www.ft.com/content/00af52b7-381c-4a5d-91f1-3b3d4ce04256
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193 w
Dear Oskar, Well done in getting your climate love to level 2! We have reached out to Storebrand and requested a response. I will keep you updated on any progress, /Adam, We Don't Have Time
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194 w
That is also sustainable/smart business. A company that is not willing to improve it viability is a bad company to invest in and hurts your other investments. ESP Factors. A good podcast to this https://traffic.libsyn.com/secure/sustainabilime/Ep_60_Sustain_Investments_MP3.mp3?dest-id=1200296
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194 w
@oskar_lindgren my comment is above, oeps 👆
212 w
Other major financial institutions are divesting, too, and many of them come from the Nordic region, such as the Swedish national pension funds, Storebrand and Danske Bank. https://ieefa.org/wp-content/uploads/2020/02/Norden-is-Leading-the-World-on-Fossil-Fuel-Divestment_February-2020.pdf https://www.ap1.se/nyheter/forsta-ap-fonden-avinvesterar-bolag-med-fossil-verksamhet
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117 w
I must add however that Storebrand still manages a series of funds with large positions within oil giants such as Equinor and Aker BP. So this commercial should be seen as a message to their own customers. Should it be a climate warning instead? I'm confused..
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118 w
This is the future!