Climate and Nature report 2023 1
Climate and Nature report 2023 CONTENTS
Climate and Nature report 2023 Foreword by the CEO
Climate and Nature report 2023 We are committed to
Net Zero
Climate and Nature report 2023 Governance
Climate and Nature report 2023 Strategy
Climate and Nature report 2023 Risk management
Climate and Nature report 2023 Metrics and targets
HANDELSBANKEN FONDER – METRICS AND TARGETS 19 CON
TENTS Foreword by the CEO We are committed to Net Zero Governance Strategy Risk management Metrics and targets Nature Glossary Target under development – Influencing the transition Actions 2023 In 2023, we refined our prioritisation process to maximise our impact and contribute to our objective. We focus on companies that represent the largest portion of our portfolio’s carbon footprint, assessing their emission reduction targets for scopes 1, 2, and 3, as well as the quality and completeness of their reporting. Accurate data helps us manage our portfolios’ climate footprint and enables companies to identify emission reduction opportunities. We also seek clear plans from companies on how they intend to achieve their targets, including strategies to reduce supply chain emissions. Results Environment and climate change has been a top priority for our dialogues in 2023, both in our own direct company dialogues and in joint engagements with other investors. 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. Note that a fund with risk level 5-7 as stated in the fund’s key information investment document (KIID) can vary greatly in value due to the fund’s composition and management methodology. A summary of investors’ rights as well as a prospectus, fund rules and KIID are available for each fund at handelsbanken.se/fonder. In 2023, the fund company held 80 direct dialogues about climate change, of which ten were climate dialogues which were prioritised because those companies account for the largest share of our portfolio’s overall emission intensity and because we see concrete opportunities for improvements in their climate action. Initiatives and collaborations Carbon Disclosure Project Carbon Disclosure Project (CDP) is an independent, international non-profit organization that works to increase openness and dialogue around companies’ environmental impact - and to make information about this impact available to investors. Handelsbanken Fonder participates in CDP’s annual non-disclosure campaign to promote corporate transparency regarding climate change, deforestation and water security, as well as in CDP’s campaign to encourage companies to set and report science-based targets for emission reductions in order to achieve net zero emissions before 2050. Net Zero Asset Managers Initiative The Net Zero Asset Managers (NZAM) initiative is a global group of asset managers committed to supporting the goal of achieving net zero greenhouse gas emissions by 2050 or sooner. This ambitious target is in line with the Handelsbanken Fonder supports the goal of net zero by 2050, and have committed invest aligned with net zero emissions by 2040. Our climate targets are a central part of our commitment, set based on the Net Zero Investment Framework (NZIF) aligned with the recommendations of NZAM. Institutional Investors Group on Climate Change The Institutional Investors Group on Climate Change (IIGCC) is a leading European membership body for investor collaboration on climate change, and a founding partner of the Net Zero Asset Managers (NZAM) initiative. IIGCC supports the investment community in driving progress towards a net zero future by providing a collaborative platform, developing tools such as the Net Zero Investment Framework, and engaging with stakeholders to promote effective climate action. As a member of IIGCC, Handelsbanken Fonder engages with other investors to e.g. improve guidelines and methods relating to the integration of scope 3-data asset managers. Target under development: Influencing Paris Agreement’s aim to limit global warming to 1.5°C above pre-industrial levels.
Climate and Nature report 2023 Nature
Climate and Nature report 2023 Glossary