Swedbank Robur launches new policy and sharpens its strategies to opt out fossil fuels
Swedbank Robur's Policy for responsible investments has been updated and supplemented with three new strategies for exclude, include and engage, which will be applied to the company’s various fund types. Swedbank Robur's Climate Strategy was also revised during the year and sharpened further. In line with this, the fund company has per January 1st, 2021, decided to expand its strategy to exclude fossil fuels to also encompass oil and gas in addition to coal¹.
Swedbank Robur has updated its Policy for responsible investments by expanding its strategy for opting out of fossil fuels to include oil, gas and power production from fossil fuels in addition to coal. The fund company also chooses not to invest in unconventional fossil fuels such as Arctic oil/gas, shale oil/gas and oil sands. Exceptions can be made for transition companies that are judged to be able to meet the Paris Agreement's goal of carbon neutrality by 2050. These will be reported on Swedbank Robur's Green List.
“We strive to be a leader in developing the industry by setting standards and ambitious goals for sustainable investments. We want to contribute to a more sustainable development in society, by shifting our investments towards sustainable alternatives and thus influence others to do the same. We are now taking yet another big step by expanding our criteria for exclusion of fossil fuel companies to encompass coal, gas and oil operations. This is a natural and logical next step for us, and something we are very happy to communicate”, says Liza Jonson, CEO of Swedbank Robur.
Swedbank Robur's Policy for responsible investments has been updated and also supplemented with three new strategies for exclude, include and engage, to integrate sustainability furthermore within the investment management.
“Sustainability is a complex issue, and we want to work to simplify it. In the three new strategies, we clarify how we work with exclusion, inclusion and engagement to have an impact with our investments. It gives our customers a clearer picture of how the fund company's investments, working methods and the UN's global sustainability development goals are connected”, says Pia Gisgård, Head of Sustainability at Swedbank Robur.
Swedbank Robur’s updated Policy for Responsible Investments and the new strategies applies as of January the 1st 2021.
Policy for Responsible investments (link)
Swedbank Robur Climate Strategy (link)
Swedbank Robur strategies (opting in, opting out, influencing) (link)
Swedbank Robur Green list (link)
Carina Sesser Nylund, Press manager, Swedbank Robur ph. +46 72 230 52 64
¹ With the exception of transition companies. These will be listed on the Swedbank Robur's Green List (see link under "More information").
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 in mutual funds. Swedbank Robur’s vision is to become a world leader in sustainable value creation.