Life insurance and pension giant Skandia pledges to invest at least SEK 40bn (EUR 3.95bn) into assets that will help the climate transition by 2030.
CEO Frans Lindelöw believes that the global investment need in order to reach the Paris Agreement goals by 2050 is big, and private and public capital needs to mobilize to close that gap. As Sweden's first participant in the Climate Investment Coalition (CIC), Skandia wants to show that the financial and pensions industry is taking the matter seriously by issuing this pledge, a company statement reports.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for AMWatch has now started
With your free trial you get:
Full access to all locked articles on AMWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from AMWatch
Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and to hear about their career experiences.