This report shows public data only. Is this your organisation? If so, login here to view your full report.

Swedfund International AB

PRI reporting framework 2019

You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes

Outputs and outcomes

SAM 08. Percentage of externally managed assets managed by PRI signatories

08.1. Describe how you ensure that best RI practice is applied to managing your assets

Measures

          Please refer to module SG (our investment policy, strategy and objectives and targets)
        

08.2. Additional information. [Optional]


SAM 09. Examples of ESG issues in selection, appointment and monitoring processes

09.1. Provide examples of how ESG issues have been addressed in the manager selection, appointment and/or monitoring process for your organisation during the reporting year.

Topic or issue
          Investing for Impact: Increasing access to renewable energy
        
Conducted by
Asset class
Scope and process

Swedfund conducts an ESG due diligence in all of its fund investments to assess the level of ESG strategy, management, and performance of the fund manager. In addition, we assess the impacts of the fund manager’s investment strategy.

In June 2018, Swedfund invested USD 15 million in the CIO Construction Equity Fund. Access to sustainable energy is a prerequisite for effective poverty eradication, which is the overarching reason why Swedfund is investing heavily both in the sector itself and in broader climate investments. Another factor behind the investment in CIO is that we want to work to increase capital flows from the private sector for sustainable climate projects in developing countries, and we believe that Swedfund can act as a catalyst for private investment. It is hoped that CIO will be able to serve as a good example of how financing facilities can be structured in order to attract different types of capital and contribute to a marked increase in sustainable energy generation in developing countries.

Outcomes

CIO is expected to create significant social and environmental impacts. The fund has a target of increasing the capacity of renewable energy with more than 1000 MW, which equals to energy consumption of 3.6 million Nigerian households, and contributing to the creation of more than 10 000 jobs. In addition, the fund aims to contribute to access to renewable energy for 7 million people. Annually, they estimate reduction of about 1.8 million tons of carbon emissions, which equals to about 350 000 cars.

09.2. Additional information.


Top