Sustainability and Corporate Governance Report 202
0 1
IN-DEPTH REPORT – HANDELSBANKEN FONDER About Hand
elsbanken Fonder Handelsbanken Fonder as an organisation Handelsbanken Fonder AB is, through Handelsbankens Fondbolagsförvaltning AB, a wholly owned subsidiary of Svenska Handelsbanken AB (publ). Handelsbanken Fonder has been authorised to conduct fund operations since 1991, and manages mutual funds under the Swedish Mutual Funds Act as well as alternative investment funds (AIF) under the Swedish Act on Managers of Alternative Investment Funds. The management of active, passive and multi manager solutions (fund-of-funds) is divided into three business areas, which strengthens and simplifies corporate governance in general and particularly in relation to sustainability. The CEO of Handelsbanken Fonder is responsible for sustainability-related policies and strategies. The sustainability efforts are led by the head of Sustainability, who coordinates and develops policies as well as strategies and tools related to sustainability. The business area managers for active, passive and multi manager solutions are responsible for integrating sustainability in line with policies and strategies for each business area as well as ensuring that sustainability analysis is part of our fund management. The integration of sustainability efforts in fund management takes place in slightly different ways depending on the product and investment processes. Handelsbanken Fonder is primarily tasked with asset management and risk control. Other activities necessary for the company are purchased through outsourced operations, mainly from Svenska Handelsbanken AB (publ). Handelsbanken Fonder engages J.P. Morgan Bank Luxembourg S.A., Stockholm branch, as custodian institution. Handelsbanken Fonder's board consists of five people, three women and two men. The Handelsbanken Fonder’s executive team is comprised of a CEO, deputy CEO, business area managers for active, passive and multi manager solutions, a head of Sustainability, a risk manager, a head of execution, a governance manager and general counsel. Co-opted to the executive team are employees from the compliance function and fund administration. Handelsbanken Fonder has roughly 80 employees, of whom approximately 30 per cent are women. 50 per cent in managerial positions are women. Committees and forums Within Handelsbanken Fonder, there are a number of committees that prepare various issues for decisions by the CEO. In order to analyse and evaluate the risks and performance of the funds, we also have special forums. Sustainability Committee • Takes decisions regarding the assessment of companies in relation to exclusion requirements. • Takes decisions about companies that meet our criteria to be defined as a company in transition. • Takes a position on methodological development in terms of analysis and assessment of these criteria. Handelsbanken Fonder AB Sustainability Risk control Legal Compliance Business areas Business support and governance Active Management Passive Management Multi Mangers Solutions Business governance and Operations Corporate governance Execution 71