Folksam to reduce climate footprint from equities/corporate bonds/real estate by 29%

Written by Adam Cadle

01/04/2021

Folksam Group has published new climate targets for 2025 for its investment portfolios, where the climate footprint from equities, corporate bonds and real estate will be reduced by 29%.

The emissions target will primarily be achieved by influencing the companies in which the Folksam Group has invested in reducing its emissions. In addition, the Folksam Group adopts new goals to promote the availability of green investments. By 2025, the goal is for at least 50% of the 86 largest emissions in the Folksam Group's investment portfolios to have adopted scientifically based climate targets.

Folksam Group is one of seven initiators of the global investor alliance UN-Convened Net Zero Asset Owner Alliance, which was founded at the UN climate summit in New York in 2019. Members have committed to their investment portfolios to show net zero greenhouse gas emissions by 2050. The alliance currently has over 30 members whose total investment portfolios amount to close to SEK 50,000bn.

“We are committed to climate change to make our customers feel secure in a sustainable world. Our goal of net zero emissions by 2050 is ambitious, but it is not enough. It must be broken down into equally ambitious sub-goals, linked to credible plans and followed up regularly," Folksam's President and CEO Ylva Wessénm said.

"With our customers' SEK 500bn behind us, we look forward to working towards our new sub-goals, and thus continue our long-term work of contributing to a restructuring of the investment portfolios in line with the goals in the Paris Agreement."

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