Scandinavian asset manager Swedbank Robur announced today the launch of Transition Energy, a new thematic fund with a focus on solar, wind and energy transition. The fund will aim to invest in companies worldwide that will contribute to a future renewable energy system.
Robert Slorach, portfolio manager at Swedbank Robur, said:
“It is important that investors dare to be an active part of sustainable change and support companies and industries in this transition. The ambition is that Transition Energy’s composition and global focus will provide a good balance between risk and potential, with portfolio companies that help contribute in driving the energy system in a more sustainable direction.”
According to Swedbank Robur, companies that can develop the best solutions to address the problems of providing renewable energy sources, power grids, storage of energy and batteries and energy-saving solutions may have the potential to become very good investments in the long term. The new fund will invest in these areas, intending to hold a mix of established companies with proven business ideas and new faster growing companies.
The asset manager stated that the new fund can be linked to five of the UN’s sustainable development goals (UN SDGs), including Affordable and Clean Energy (SDG 7), Industry, Innovation and Infrastructure SDG 9), Sustainable Cities and Communities (SDG 11), Responsible Consumption and Production (SDG 12), and Climate Action (SDG 13).
“The link between profitability and sustainability is strong, and we see that there are very good investment opportunities and a good return potential in the energy transition theme. By investing capital in related companies, we can support businesses and industries to change, while at the same time creating long-term value for our customers and society.”