Swedbank Robur participates in new bond by the Swedish Export Credit in support of transition to low-carbon economy
On 17 June, 2020 Swedbank Robur participated as a key investor in the Swedish Export Credit Corporation’s (SEK) latest green bond issuance. The investment of SEK 1 billion will provide financing for industry investments supporting a global environmental transition.
Through issuance of green bonds SEK can offer green financing in form of green loans to exporting companies that are actively working to realign their operations to reduce emissions from fossil fuels. The green loans are classified in accordance with SEK’s Green Bond Framework, which has a dark green shading from CICERO.
“We are proud to have launched our third green bond transaction in the SEK market. Issuing bonds with a dark green label is a way to disseminate knowledge about the importance of environmental efforts towards our counterparties in Sweden and the rest of the world,” says Johan Henningsson, Head of Sustainability at SEK.
The proceeds from this issuance will be invested in projects in Sweden and across the globe within key areas such as renewable energy and sustainable construction. “We believe that the Swedish Export Credit’s Green Bond Framework with a dark green shading is one of the strongest frameworks in the market. We are therefore very pleased to invest in their green bond issuance supporting projects that promote renewable energy and the transition towards a low-carbon economy,” says Thomas Bäck, portfolio manager at Swedbank Robur.
Thomas Bäck, portfolio manager, Swedbank Robur, ph.+46 70 935 07 98
Carina Sesser Nylund, press manager, Swedbank Robur, ph. +46 73 092 11 80
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 1 300 billion, of which approximately SEK 800 billion in mutual funds. Swedbank Roburs vision is to become a world leader in sustainable value creation.