Swedbank Robur invests 400M SEK in the World Bank’s Sustainable Development Bond
Swedbank Robur is one of several large Nordic investors, investing in the new Sustainable Development Bond issued by The World Bank (International Bank for Reconstruction and Development, IBRD). The new bond has focus on raising awareness for gender equality and health.
“Although gender equality and health constantly are high up on the public agenda, there is unfortunately still much to be done. That is why we are very pleased to invest 400 MSEK in the World Bank's new Sustainable Development Bond while raising awareness of gender equality and health. These issues are important parts of a sustainable development and are also well in line with Swedbank Robur's long-standing work to improve gender equality in our investee companies through our role as large owners”, says Thomas Bäck, Senior Portfolio Manager, Swedbank Robur.
Gender equality, diversity and health are important parts in a sustainable development, and they are a natural part of Swedbank Robur’s sustainability focus. As one of the largest owners on the Stockholm Stock Exchange, the fund company appoints, for example, members to more than 100 nomination committees, which is significantly more than any other owner on the Stockholm Stock Exchange, thereby taking clear responsibility for board appointment issues, including gender equality and diversity.
The World Bank (IBRD) priced Norwegian krone- and Swedish krona-denominated Sustainable Development Bonds raising approximately US$ equivalent 440 million. The World Bank launched the bonds while raising awareness for the World Bank’s strategy, projects and programs that focus on gender equality and health, highlighting how COVID-19 disproportionately impacts women.
Swedbank Robur’s 400 MSEK investment in the World Bank’s Sustainable Development Bond, can primarily be linked to the following UN's global Sustainable Development Goals:
#3 Good Health and well-being
#5 Gender Equality
More information:
The World Bank’s press release
Contact:
Carina Sesser Nylund, Press manager, Swedbank Robur ph. +46 72 230 52 64
Risk information
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Swedbank Robur is a wholly owned subsidiary to Swedbank and active in Swedbank´s four home markets. Swedbank Robur was founded in 1967 and offers more than 80 mutual funds, institutional and discretionary asset management and management of pension funds. The number of customers is 3 million in Sweden and 1 million in the Baltic countries. Assets under management are approximately SEK 1678 billion (2020). Swedbank Robur’s vision is to become a world leader in sustainable value creation.