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    Nordea and AMF Downgraded

    Stockholm (NordSIP) – According to Söderberg & Partners’ 2020 report on sustainable pension funds, Länsförsäkringar, Skandia and SPP are Sweden’s top-rated Sustainable Pension companies.

    Söderberg & Partners is one of Sweden’s leading financial advisors and brokers of insurance and financial products. The analysis comprises fourteen Swedish pension insurance companies and considers four categories of performance: the strictness of the insurance funds’ sustainability criteria, engagement, communication and transparency and the range of sustainable funds offered. The result is combined into a final rating of Red, Yellow or Green, in rising order of sustainability.

    “We are very pleased that our investment portfolio Gamla Trad has gone from the rating yellow to green and that we keep the green ratings in Nya Trad and in Länsförsäkringar Fondliv’s guarantee management,” says Kristofer Dreiman, head of responsible investments at Länsförsäkringar Liv.

    According to Per Lindgren, head of Manager Selection at Skandia, collaboration between the ESG team, portfolio managers and other employees was key to the pension fund’s ability to refine the integration of sustainability factors within the

    Johanna Lundgren Gestlöf, Head of Sustainability at SPP, commented that the rating was the result of structured sustainability work throughout the group, teamwork and the prioritasion of sustainability across all parts of the pension fund.

    The aggregate assessment further shows that Nordea has been downgraded from green to yellow, while AMF fell from Yellow to red. Nordea was downgraded regarding its engagement and its ambitions. AMF’s downgrade was mainly motivated by a worst assessment of its engagement work, because the process to prioritise sustainable engagements abroad is too vague and because only 5% of the company’s own representatives on nomination committees have been women in recent years.

     

    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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