Stockholm (NordSIP) – On April 16, Länsförsäkringar revealed the winners of the competition the Swedish mutual insurance group launched last month to reward the mutual fund (among those currently on the institution’s platform) who has performed the best efforts in terms of improving the sustainability of their investments or investment strategy.
Länsförsäkringars customers and the other individuals who voted on the group’s website designated Handelsbanken Hållbar Energi in the sustainable investment strategy category and East Capital Ryssland in the engagement and active ownership category, as the winners.
The trophees were awarded by Charlotte Barnekow (pictured in the middle), CEO of Länsförsäkringar Stockholm, to Magdalena Wahlqvist Alveskog and Patric Lindqvist who represented Handelsbanken Fonder (pictured left) and Peter Elam Håkansson from East Capital (pictured right).
The team behind the competition was enthusiastic about the interest the competition received. In total, the website recorded 1,000 votes and the competition’s pages recorded about 5,000 pageviews during the voting period. The team also disclosed that the runner ups were Länsförsäkringar’s own funds, USA Aktiv and Fastighetsfond (real estate fund) in the first and second category, respectively.
“We were impressed by all the contributions to the competition,” says Jim Rotsman, Head Funds & Guarantee at Länsförsäkringar. “The presentations of the nominees have really sparked a strong interest and engagement from customers. They provided good concrete examples of activities that the funds have undertaken in the realm of sustainability.”
Kristofer Dreiman, Managing Director, Responsible Investment at Länsförsäkringar, who chaired the jury panel says: “East Capital Ryssland has demonstrated concretely to their customers how their savings are contributing to a reduction in carbon dioxide emissions. Handelsbanken, on the other hand, has provided a concrete and clear way to communicate the sustainability of its fund in a measurable way.”
“We are proud to have received this recognition for our sustainability activities. As one of the largest investors in Russia, we have over 20 years of experience in engaging with companies to drive them towards a more sustainable path. An important part of our work is performed in conjunction with Climate Action 100+, which assembles the world’s largest institutions and includes also both East Capital and Länsförsäkringar,” says Peter Elam Håkansson in Swedish in a press release.
“We are both happy and proud that Handelsbanken Hållbar Energi has been voted first in Länsförsäkringar’s competition for the most sustainable fund efforts. This victory inspires us to continue to work to provide both a good performance for our clients’ savings capital an a contribution towards a sustainable future,” says Magdalena Wahlqvist Alveskog (in Swedish).
Photo courtesy of Länsförsäkringar