Swedbank Robur’s pension funds Transfer now aligned with the Paris Agreement
In the autumn of 2020, Swedbank Robur launched its first funds, Access Edge, which are managed in line with the Paris Agreement. Now the fund company is taking another step and securing the share capital (approximately SEK 120 billion) in its broad pension savings fund family, Swedbank Robur Transfer, which is managed in line with the Paris Agreement.
"We have set tough climate targets for our managed capital, and now we are taking yet another step towards achieving them. Transparency and comparability are important parts of the sustainability work, and ensuring a broad customer offering within pension savings, secured to be in line with the Paris Agreement, is a central part of our ambition to continuously work to create long-term and sustainable value for our customers”, says Liza Jonson, CEO Swedbank Robur.
Generation funds are a retirement savings option that means that the risk in the funds is lowered over time the closer you get to the pension. Swedbank Robur Transfer, one of the largest PPM funds on the market, is currently available to five different generations, from those born in the 50s to the 90s.
"The analysis, management method and classification that we have developed for Swedbank Robur Transfer and Access Edge is based on the methodology for Sustainable Finance EU Climate Benchmarks. It gives us both the opportunity to steer our investments in a sustainable direction and at the same time clarify the sustainability level of the funds. We will continue to work to simplify and clarify our various savings options, it is an ongoing work with no end date," says David Stenlund, portfolio manager at Swedbank Robur.
In line with the Paris Agreement
The management and analysis method developed by Swedbank Robur is based on the EU Sustainable Finance Climate Benchmark. There are a number of points the fund must meet, where greenhouse gas emissions are central. Among other things, the fund shall have at least 50% lower carbon footprint than a reference value* corresponding to the carbon footprint on the market as a whole. Emissions need to be reduced by 7% annually, which is in line with the decarbonisation under the Paris Agreement. The portfolio management method also prioritizes companies in climate-promoting activities that actively work to reduce climate risks.
Previous funds secured by Swedbank Robur to be managed in line with the Paris Agreement are:
Swedbank Robur Access Edge Global, Sweden, Emerging Markets, Japan, Europe and USA. Together with the Transfer Funds, the total AUM (share capital) which is now secured to be in line with the Paris Agreement, is now approximately SEK 130 billion.
Contact:
Carina Sesser Nylund, Press manager, Swedbank Robur ph. +46 72 230 52 64
Risk information
Historical growth is no guarantee of future yields. The value of your fund savings can both rise and fall, which is why there can be no guarantee that you will get back your original investment. A fund categorized as risk class 6-7 has a high risk both for increases and decreases in the value of the fund units. Please read prospectuses available on our website or visit a retailer.
* Reference value MSCI ACWI.
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.