Folksam completes SEK 3.8bn investment in World Bank green bond
Written by Adam Cadle
21/02/2022
Swedish insurer Folksam Group has completed an investment of around SEK 3.8bn in a green bond from the World Bank (International Bank for Reconstruction and Development, IBRD) aimed at financing sustainable development around the world.
The insurer is the sole investor in the bond, which will help support renewable energy, energy efficiency and biodiversity projects, among others.
The World Bank has issued over 200 green bonds in 22 currencies, totalling nearly US$17bn equivalent since its inaugural issue in 2008.
World Bank Treasury head of investor relations and sustainable finance Heike Reichelt commented: "World Bank bonds are a way for investors to contribute to their sustainable investment targets as they channel funds to our member countries for a greener and more resilient future. We are delighted to once again collaborate with the Folksam Group and appreciate their holistic approach including not only green, but sustainable investment products overall.”
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