Stockholm (NordSIP) – Svenska Kyrkan (Sweden’s Church) national asset management branch made a profit of almost SEK 762 million in 2017, corresponding to a return of 10.3% for the year and marking the sixth consecutive year that returns matched the benchmark set by the Church.
Accumulated returns for the ten-year period spanning 2008 to 2017 stood at 82.1%, corresponding to an annual average of 6.2%, according to a press release.
“We are very pleased to be able to deliver results that meet our objectives, both in the long and short term,” said Svenska Kyrkan’s CFO Anders Thorendahl. “Through a diversified portfolio and by choosing managers that clearly integrate sustainability into the financial analysis of companies, we have managed to build a strong management.”
Svenska Kyrkan’s AUM stood at SEK 8.2 billion at the end of 2017. Its management integrates issues relating to the environment, human rights and corporate governance in its investment decisions, while its portfolio contains a number of companies with pronounced sustainability policies. Equally, Svenska Kyrkan refuses to invest in certain industries, such as oil, coal and gas, weapons and tobacco.
Svenska Kyrkan seeks to influence companies that fall short of its sustainability policies through dialogue.
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