Storebrand Asset Management assesses deforestation risk powered by Trase data

In 2021, Trase worked with financial institution Storebrand Asset Management to demonstrate how investors can, for the first time, identify and assess deforestation risk in their portfolios to inform engagement and divestment activities.

The complexity of agricultural production and supply chains represents a significant barrier to more effective investor action. Trase enabled Storebrand to overcome this barrier by identifying links between portfolio companies such as Bunge and commodity-driven tropical deforestation.

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Storebrand filed a shareholder resolution with Green Century Capital Management at Bunge's annual general meeting (AGM), requesting that the company improve implementation of its zero-deforestation policy, including adopting a cut-off date and developing a comprehensive non-compliance protocol. The resolution set out the case for the potentially material nature of risks associated with the degradation of natural systems in the regions from which Bunge sources soy and cited Trase data as evidence to support the analysis.

Following a vote at Bunge’s AGM in May 2021, this became the first ever shareholder resolution on deforestation that was passed at the voting stage, doing so with 98% support.


To fulfill our commitment to have a deforestation-free portfolio by 2025, we need quality data on companies' exposure to and management of deforestation risk. We have found that using a combination of data from Forest 500 and Trase allows us to identify companies at risk in our portfolio and to develop company-specific engagement strategies.

Vemund Olsen, Senior Sustainability Analyst, Storebrand Asset Management

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