Swedbank Robur invests in new green bond from EUROFIMA
EUROFIMA's first green bond aimed at the Swedish market generated a great deal of interest from investors with a focus on sustainable investments. Swedbank Robur enters as one of the anchor investors with SEK 500 million. The bond will support the modernization of the railway sector in Europe, with the aim of contributing to the achievement of important climate goals such as the Paris Agreement and The European Green Deal’s growth strategy.
Public transport and freight transport have been an important prerequisite in the development of society. In the global effort to limit global warming to 1.5 degrees (the Paris Agreement), the modernization of Europe's railways is a key element. It is also fully in line with the growth strategy of The European Green Deal, where the goal is to make Europe the first climate-neutral continent by 2050.
“We are very pleased to invest in EUROFIMA’s first green bond aimed at the Swedish market, with a focus on modernizing the railway sector in Europe. The investment goes hand in hand with Swedbank Robur's own climate strategy, where we have established our ambition to work actively to make our managed fund capital in line with the Paris Agreement by 2025 and carbon neutral by 2040, says Thomas Bäck, Portfolio manager at Swedbank Robur.
Europe's railways transport large proportions of goods, goods and thousands of people daily to an often-lower share of CO2 emissions compared to other alternatives, such as aircraft and petrol-powered vehicles. Modernizing and ensuring a well-functioning railway in Europe is therefore an important intermediate goal in the global work on climate goals and the sustainable development of society.
In total, the bond amounts to SEK 1.5 billion and has a maturity of 8 years.
EUROFIMA is a supranational organization whose public mission is to support the development of rail transportation in Europe and to support the railways operators, which are also its shareholders, in renewing and modernizing their rolling stock.
The Swedbank Robur’s investment in EUROFIMA’s green bond can foremost be linked to 3 of the UN's global Sustainable Development Goals:
#9 (Industry, innovation and infrastructure)
#11 (Sustainable cities and communities)
#13 (Climate action)
Thomas Bäck, Portfolio manager, Swedbank Robur, tfn. +46 (0)8 585 92 488
Carina Sesser Nylund, Press manager, Swedbank Robur tfn. +46 72 230 52 64
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 1 500 billion, of which approximately SEK 800 billion (2019) in mutual funds. Swedbank Roburs vision is to become a world leader in sustainable value creation.