Scandinavian asset manager Swedbank Robur announced today the launch of Climate Impact, a new fund aiming to invest in companies that contribute to solving the world’s climate challenges. According to Swedbank Robur, the fund is classified as an Article 9, or “dark green” fund according to the EU SFDR.
Liza Jonson, CEO of Swedbank Robur, said:
“We have had a strong focus on the climate issue for many years and want to take a clear stance in issues that are important to our customers and investments. The growing interest in saving sustainably and with the climate in focus, are central and positive drivers in our dedicated work to continue to shift capital in a more sustainable direction. As Sweden’s largest fund company, it is our responsibility to dare to think new and go first, and to meet customer demand in a clear and hands-on way”
Climate Impact will invest primarily in companies contributing to the UN’s Global Development Goals 7 (Affordable and clean energy ) and 13 (Climate action). Investments will target sectors including renewable energy, such as solar, wind, water and energy storage, as well as, construction and management of green buildings, and energy efficiency, encompassing energy storage, clean transport, and low carbon footprint.
Linnea Zanetti, one of the portfolio managers of Swedbank Robur Climate Impact, said:
“We have long worked according to the principle that companies that contribute to a better world are the winners of the future. In the Climate Impact fund, we will use a quantitative and systematic process to select the companies that have a clear connection to the UN Global Development Goals 7 and 13. The fund has a global investment focus and in total we have selected around 80 companies in different industries, which we believe meet our requirements. It sets a stable foundation for a good balance and growth potential for the fund.”