Sustainability and Corporate Governance Report 202
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HOW WE TAKE ACTION TO REDUCE CLIMATE IMPACT – HAN
DELSBANKEN FONDER The greenhouse effect and CO2 The main reason behind the increasing greenhouse effect is CO2 emissions. As the concentration of greenhouse gases increases in the atmosphere, more heat remains at the earth’s surface. The earth’s natural greenhouse effect is amplified, the temperature rises and the climate changes. Carbon dioxide can be released in several ways, but our use of fossil fuels such as natural gas, coal and oil has the greatest impact. Land use, such as agriculture and harvesting forests, also affects the CO2 changes. content of the atmosphere since the carbon capture capacity of ecosystems Since 1970, CO2 emissions have increased 80 per cent1 and there is still no reversal in sight. Although the situation is serious, researchers point out that there is a good chance of reducing emissions sufficiently using current technologies together with renewable fuels. Strategic climate efforts Climate change has been a strategic focus area at Handelsbanken Fonder for many years. We have taken a restrictive attitude towards the entire fossil fuel industry for several years, and since 2015 have excluded investments in coalbased companies. In 2018, we took the strategic decision to extend our fossil fuel exclusion strategy to the majority of our funds. By measuring, we can set requirements For several years now, we have been measuring the carbon footprint of our funds. This serves as an important tool for our ability to engage with emitting companies to reduce their emissions. We require them to set targets for reduced emissions, risk management, business strategies and transparency. In May 2021, we published our fourth climate report. The report follows TCFD recommendations for reporting climate-related risks and opportunities. Net Zero Asset Managers initiative Handelsbanken Fonder is one of 30 leading asset management firms that is a signatory to the global Net Zero Asset Manager initiative. We have pledged to support the target of net-zero greenhouse gas emissions by 2050 through our investments. 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. 25