Länsförsäkringar Wins Sustainable Fund of the Year

Stockholm (NordSIP) – The Länsförsäkringar Global Klimatindex fund won the second edition of Länsförsäkringar’s “Sustainable fund performance of the year” competition. The competition was launched in February and the finalists were announced in March, at which point Länsförsäkringar’s clients were allowed to vote for their favourite sustainable fund.

The other finalist funds included Carnegie Strategifond och Spiltan Högräntefond, Wellington Global Impact, RobecoSAM Global SDG Credits, East Capital Ryssland and DNB Renewable Energy. They were selected by an external jury made up of Hanna Setterberg from the Stockholm School of Economics, Bidita Chakraborty from Morningstar and NordSIP’s own Aline Reichenberg Gustafsson

Sustainability manager Sofia Aulin (Pictured, right) received the award on behalf of Länsförsäkringar Fondförvaltning, commenting that the fund invests in companies – such as producers of renewable energy, solar cells and electric vehicles – that work to develop products and services that will reduce the climate footprint. According to Aulin, the fund has an 80% lower climate footprint than ordinary index funds. Thanks to the introduction of new sustainability criteria, the fund has increased its holdings of such “solution companies” from 4% to 25%, she adds.

The competition is aimed at fund companies and funds that are in Länsförsäkringar’s selected unit-linked insurance offerings. They were invited to highlight any responsible activity or investment they have made in the past year and the effect it has had on the basis of the UN’s sustainable development goals (SDGs).

Image courtesy of Länsförsäkringar

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