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Skandia pledges billions to climate investments the coming decade

One of Sweden's largest life insurance and pension companies is boosting its climate investments as it believes the run up to 2030 will be crucial for reaching the Paris Agreement's goals.

Photo: PR / Skandia

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.

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