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Carnegie Fonder AB

PRI reporting framework 2020

You are in Direct - Fixed Income » Outputs and outcomes

Outputs and outcomes

FI 17. Financial/ESG performance (Private)

FI 18. Examples - ESG incorporation or engagement

18.1. Provide examples of how your incorporation of ESG analysis and/or your engagement of issuers has affected your fixed income investment outcomes during the reporting year.

ESG issue and explanation

Achieve a high weight of green bonds in the Investment Grade fund which started in June of 2019, while maintaining a well-diversified portfolio composition.

Impact on investment decision or performance

Carnegie Investment Grade fund had a portfolio weight of 23% in green bonds at the end of 2019. 

ESG issue and explanation

Fossil fuel transition cases

Impact on investment decision or performance

Analysis of issuer Stockholm Exergi to determine if their strategy to become fossil free enables the holding to qualify for CF:s criterias for so-called transition cases and thus be allowed in a portfolio excluding fossil fuels. Our analysis, with support in criterias from Swedish Eco-Label, found that their trajectory and high level of investments into renewables would make the holding eligible.

18.2. Additional information.