Nordea Liv & Pension Increases Sustainable Investments

    Stockholm (NordSIP) – Between January and June of 2019, Nordea Liv & Pension Sweden shifted SEK 22 billion from traditional investments to investments “with low carbon footprint and strict sustainability criteria,” according to the Nordic institution.

    Nordea Liv & Pension Sverige managed a SEK 131 billion as of December 31, 2018 and offers pension, capital and risk insurance products to private individuals and companies through Nordea’s offices in Sweden.

    “We see a clear increase in interest in sustainable savings and the demand from our customers for sustainable pension products is increasing sharply. We are also convinced that integrating sustainability into our investment strategy is positive for the long-term return of our customers,” says Johan Nystedt, CEO of Nordea Liv & Pension.

    The amount sustainably invested in the first half of 2019 comes in addition to a similar switch of SEK 7 billion in 2018. According to Nordea Liv & Pension Sweden, the reallocation of investments has reduced the portfolio’s carbon footprint by approximately 50% and giving more than 420,000 customers a more sustainable pension saving. The decision is part of a more comprehensive climate strategy that aims to create a portfolio of investments that does not contribute to global warming exceeding 1.5 degrees, in line with the Paris agreement.

    “As a capital owner, in addition to generating a long-term good return for our pension savers, we have great responsibility to contribute to the transition towards a climate-smart and sustainable future,” says Peter Sandahl, Head of Sustainability for Nordea Liv & Pension. “It therefore feels very good that we have now made almost SEK 30 billion over the past year. This is an important part of our climate strategy together with continued active ownership and advocacy.”

    Photo © Shutterstock


    Filipe Albuquerque
    Filipe Albuquerque
    Filipe is an economist with 8 years of experience in macroeconomic and financial analysis for the Economist Intelligence Unit, the UN World Institute for Development Economic Research, the Stockholm School of Economics and the School of Oriental and African Studies. Filipe holds a MSc in European Political Economy from the LSE and a MSc in Economics from the University of London, where he currently is a PhD candidate.

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