Sustainability and Corporate Governance Report 202
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HOW WE TAKE ACTION TO REDUCE CLIMATE IMPACT – H N
DE S HANDEL BANK N FONDE NKEN F NDER Clean water – one of the greatest scarcities of our time Roughly 800 million people lack access to clean water. Around 480,000 children under five die from diarrhoeal diseases each year, caused by lack of clean water and lack of hygiene in the vast majority of cases. New opportunities through “smart water” The development towards smart cities is creating new opportunities to streamline water use, recycle wastewater and reduce water consumption. The megacity of Mumbai in India serves as an example of how new technological solutions can make a difference. The installation of sensors on the system that delivers tap water to the city has helped to decrease the number of water leaks in Mumbai by 50 per cent. Global water losses are estimated at 126 billion litres per year, at a cost of nearly USD 40 billion a year. Our investments in water • Within multi manager solutions, we have invested in the Fidelity Water & Waste Fund. The fund has a clear focus on companies that discover business opportunities somewhere in the value chain within water availability and waste management. • In our active management, we have invested in several companies that provide different types of water efficiency solutions. In addition to Evoqua Water, as mentioned earlier, another example is Energy Recovery, a company whose technology reduces electricity consumption by close to 60 per cent during largescale seawater desalination. Another example is Mueller Water Industries, which offers various measurement products and leak detection and is set to benefit from future infrastructure upgrades. 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. 35