Sustainability and Corporate Governance Report 202
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HOW WE TAKE ACTION TO REDUCE CLIMATE IMPACT – HAN
DELSBANKEN FONDER Active engagement for positive change As a responsible active investor, proactive engagement is a must. Lindqvist says that although engagement activities are done in different ways, the key is a positive dialogue with the companies. “For us, it is crucial that companies are receptive to the issues we highlight. We also understand that any company can make mistakes. What matters to us is that mistakes must never be failures, which they will be if the problems are not resolved. One example is the dialogue we’ve had with the wind power manufacturer Vestas. When the company was going to build a new wind farm, discussions surfaced that the company did not comply with all regulations in a complete and correct manner. We raised the issue with them, and they immediately got back to us with an action plan on how to correct the mistake and ensure that the incident was not repeated.” “It’s important that we stay alert to the goings-on at the companies we invest in. If we can influence a company’s actions in the right direction so that problems are addressed, it benefits both the company and our fund customers.” The energy transition goes hand in hand with long-term savings Gains in sustainable investments have been substantial in general. Lindqvist underscores the importance of asking which valuation is actually reasonable in individual cases in terms of growth and profitability, as well as the importance of maintaining a good diversification of risks and asset classes in the portfolio. “Policy decisions affect the sector quite a lot, and there is plenty of volatility in this area as well, with risks of overvaluations in some equities and sectors. Still, it is important to maintain a long-term investment perspective. This is an area that not only needs to, but must, grow three to five times faster than GDP for about 30 years if we are to successfully address the climate challenges.” “The great opportunities for investing in the energy transition and the extremely long-term perspective make them an ideal fit for long-term savings.” Handelsbanken Hållbar Energi is an actively managed global equity fund that holds the Nordic Swan Ecolabel and focuses solely on sustainability. The fund has invested in climate solutions since its inception in 2008. Information about risk Past performance does not predict future returns. The value of the money invested in the fund can increase or decrease and there is no guarantee that all of your invested capital can be redeemed. The fund’s prospectus (“Informations broschyr”), fund rules and KIID are available at handelsbanken.se/funds. 23