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Folksam

PRI reporting framework 2020

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Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

Folksam's Boards of Directors have established a corporate governance policy and ethical investment criteria for the companies' holdings, which are available at folksam.se. These activities are followed up by an internal corporate governance committee within the Department of Asset Management. The committee is lead by the Deputy CEO and the results are reported to the boards.


SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator

          Folksam has the objective to be the leader within Responsible Asset Management.
        

Progress achieved

We have worked with RI for 15 years and are in the process of making the ESG implementation run through all our investments. Since January 2017, all our investments follow the same ethical investment criteria. Before that, only the listed companies. During 2018 we have continued the development of different working processes for each of our asset classes making sure that ESG aspects are properly implemented. 2019 we launched our new foreign equity portfolio and we were part of the group of asset owners founding the UN Convened Net Zero Asset Owner Alliance. 

Key performance indicator

          Since January 2017, all our investments follow the same ethical investment criteria.
        

Progress achieved

We have worked with RI for 15 years and are in the process of making the ESG implementation run through all our investments. Since January 2017, all our investments follow the same ethical investment criteria. Before that, only the listed companies. During the year we have continued the development with different working processes for each of our asset classes making sure that ESG aspects are properly implemented. For example we launched a new strategy for our equity portfolio with foreign holdings. 

Financial performance of investments

ESG characteristics of investments

Key performance indicator

          During 2019 we introduced new ESG targets for the equity portfolio, the fixed income portfolio as well as alternative investments.
        

Progress achieved

The new ESG targets were set during 2019 and will be evaluated during 2020. 

Other activities

Key performance indicator

          Folksam decided to join and participate in RI initiatives during 2019
        

Progress achieved

Folksam was one of the asset owners that founded the UN-convened Net Zero Asset Owner Alliance. 

Folksam continued the work within Climate Action 100+ where we lead one of the engagements. 

Folksam continued the work as lead investor in an initiative targeting the steel and cement sectors, aiming to reduce their negative climate impact.

Folksam continued the work within the FAIRR initiative concerning sustainable proteins and use of anti-biotics.

Folksam continued as one of the investors in the Nordic Engagement Cooperation.

 

 

06.2. Additional information.


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