Our climate work and the Paris Agreement
In 2015, a historic agreement was concluded in Paris where the world’s countries agreed to combat the climate crisis together. The aim is for all our funds to be managed in line with the Paris Agreement by 2025, but we already have several funds that have achieved this goal.
Risk information
Past performance is no guarantee of future performance. The value of funds can decrease and increase, and you may not get back all the money you have deposited. Funds with risk classes 5-7 can decline and increase significantly in value. You can find fact sheets, information brochures and fund rules under each fund at swedbankrobur.se/fondlista.
About the Paris Agreement
Through the Paris Agreement, the countries of the world have committed to:
- Keep the increase in the global average temperature below 2 degrees, with the aim of not exceeding 1.5 degrees.
- Increase adaptability to the harmful effects of climate change.
- Adjust the financial flows so that they can be combined with reduced greenhouse gas emissions.
Our Paris-aligned funds
Climate work to meet the goals of our climate strategy
In 2020, we signed the Net Zero Asset Manager initiative. It sets standards for how asset managers set and follow up on net zero emissions targets in order to achieve the Paris Agreement’s goal of limiting global warming to 1.5°C. With this, we have strengthened our targets relating to the total fund capital with concrete sub-targets in three areas: reduction of carbon dioxide emissions, climate solutions and engagement work. Read more about the goals of the climate strategy.
Climate work according to Swedbank Robur’s methodology for Paris Aligned
The funds’ climate process is based on our own Paris Aligned methodology and follows a defined scaling-down curve for carbon intensity. Other climate indicators are also included, such as the proportion of companies that are approved by Science Based Targets, a framework for companies to set science-based climate targets in line with the Paris Agreement.
Climate work according to the EU Paris Aligned Benchmark framework
The funds provide equity exposure where stock selection is in line with the Paris Agreement. This means that companies are selected based on the regulations of the EU Paris Aligned Benchmark. Companies may also be selected that are outside the index but are assessed to contribute to meeting the UN’s global sustainability goals with a focus on climate.
Our climate strategy
At the beginning of 2020, we adopted a climate strategy that has two overarching goals:
- that the combined fund capital will be aligned with the Paris Agreement’s goal to limit the global temperature increased to 1.5 degrees Celsius by 2025.1
- that the combined fund capital will be carbon neutral by 2040.²
The work of implementing the strategy in the business is ongoing and one step on the way to achieving the goals is that we are now managing some of our funds in line with the Paris Agreement.
(1) Our total fund assets under management will follow a trajectory in line with the objectives of the Paris Agreement, starting from 2020. We will align our investments in the most relevant sectors, and use recognised models to perform scenario analyses.
(2) In the long term, our total fund capital under management must go beyond what current scenarios require to be in line with the Paris Agreement. We therefore want to be climate neutral by 2040, ten years before 2050. Emissions from companies and issuers must be net zero. Emissions covered are Scope 1, 2 and relevant Scope 3 categories. Net zero emissions are defined as [absolute emissions] - [negative emissions] (carbon storage through e.g. land use, Carbon Capture and Storage, or similar) to be zero or negative. This corresponds to how the world’s emissions will be by 2050 under a 1.5C scenario, according to the IPCC.