Climate and Nature report 2023 1
Climate and Nature report 2023 CONTENTS HANDELSBAN
KEN FONDER – CONTENTS 2 Contents CONTENTS Foreword by the CEO We are committed to Net Zero Governance Strategy Risk management Metrics and targets Nature Glossary 3 4 5 7 9 14 25 33 Foreword by the CEO We are committed to Net Zero Governance Strategy Risk management Metrics and targets Nature Glossary About this report 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. The purpose of the Handelsbanken Fonder Climate Report 2023 is to inform stakeholders about our work related to climate change. We also hope to contribute to increased transparency and the continued development of forward-looking information related to climate change within the financial sector, as well as in the wider economy. The report is prepared in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures. The focus is on how climate change affects us as an asset manager, but also includes comments on the effects that we, as an asset manager, have on the climate. For the first time our reporting is also guided by the Taskforce on Nature-related Financial Disclosures (TNFD) in order to integrate naturerelated risks and opportunities in our investment decisions. Handelsbanken Fonder AB consists of three business areas: active asset management, passive asset management, and asset allocation management. By the end of 2023, the total assets managed in these funds amounted to just above SEK 900 billion. About TCFD The international Task Force on Climaterelated Financial Disclosures (TCFD) was formed in 2015 and tasked with correcting the scarcity of information regarding companies’ work on, and management of, climate change. The TCFD has developed a reporting framework focused on providing useful information to lenders, insurers and investors. The widespread adoption of the TCFD framework would allow for climate change to be factored into financial decision making, allowing a more efficient allocation of capital, and help smooth the transition to a low-carbon economy. The TCFD published its final report in June 2017, structuring its recommendations into four areas: Governance, Strategy, Risk Management, and Metrics and Targets. Together with underlying disclosures within each area, the framework provides a standardised and relevant way of helping investors and others understand how the reporting organisation assesses and manages climate-related risks and opportunities. The Financial Stability Board (FSB) has officially transferred the responsibility of monitoring companies’ climate-related disclosures from the Task Force on Climate-related Financial Disclosures (TCFD) to the International Financial Reporting Standards Foundation (IFRS), following the release of the 2023 TCFD status report. The TCFD recommendations have been incorporated into the standards IFRS S1 and S2. About TNFD The Taskforce on Nature-related Financial Disclosures (TNFD) has developed a set of disclosure recommendations and guidance that encourage and enable business and finance to assess, report and act on their nature-related dependencies, impacts, risks and opportunities.
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
Climate and Nature report 2023 Nature
Climate and Nature report 2023 Glossary