Important steps forward in Swed Banks sustainability efforts
Swed Bank strengthen climate efforts through group wide sustainability goals and improved integration of sustainability issues in different business processes.
- We acknowledge that climate change is one of society’s greatest challenges. Hence, going forward we will take additional steps in our sustainability efforts. We will, for example, reduce our exposure to coal in both investments and financing, continue to encourage portfolio companies and corporate clients to improve their climate management as well as measure and disclose the carbon footprint of investment portfolios, said Amanda Jackson, Head of group Sustainability, Swed Bank.
Swed Bank will now initiate the process of divesting all companies mining and producing coal to more than 30 per cent of its turnover from our investment portfolios. All divested companies will also be excluded from new financing. No direct financing of coal power plants will be accepted.