Storebrand Report January 2025 | Page 8

STOREBRAND
Data infrastructure and technology transformation For Storebrand , the key to genuine ESG integration lies in its data governance and technology infrastructure approach .
Several years ago , the firm decided to simplify its system architecture , moving away from a best-of-breed approach towards an enterprise platform strategy . This decision has proved particularly valuable as regulatory requirements have grown more complex .
The move to cloud infrastructure marked a significant milestone in this transformation . Beyond mere cost savings , the cloud migration has enabled more flexible data analysis and improved collaboration across teams .
The firm ’ s technology teams worked closely with business units to ensure the new infrastructure met specific operational needs rather than following industry trends .
“ One trap to fall into regarding regulations is to only focus on the regulatory transparency requirements , but not on process integration – therefore missing the requirements for having a more integrated approach to ESG ,” Eigil says .
“ Having a clear structure and focus on data models and governance is obviously important , but focusing on process integration has been the most vital part .”
This insight led to a long-term partnership with investment management platform SimCorp , dating back to 1998 .
The relationship has helped streamline operations and reduce integration
complexity , particularly crucial as regulatory requirements have increased . The firm has built significant internal expertise around the platform , enabling rapid adaptation to new requirements .
The transformation has included comprehensive modernisation of technology infrastructure across every aspect of operations .
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