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 HANDELSB
ANKEN FONDER – GOVERNANCE 5 Governance CONTENTS Foreword by the CEO We are committed to Net Zero Governance Strategy Risk management Metrics and targets Nature Glossary Governance is the foundation of our work around climate change. Through the integration of climate change into policy, strategy and business development, we aim to ensure that Handelsbanken Fonder supports the goal of net zero greenhouse gas emissions by 2040. Board’s oversight of climate-related risks and opportunities Handelsbanken Fonder’s board of directors is in charge of overseeing the sustainability strategy, which includes climate change. The aspects of climate change factors into decisions relating to overall strategic directions. The board is continually informed by the business operations on matters of strategy implementation and business progress. 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 board also reviews and approves policy development, including the Policy for Shareholder Engagement and Responsible Investments, which governs all our assets under management. The Policy includes specific criteria relating to climate change, such as the ambition to align portfolios with the Paris Agreement. The Policy also lays out the strategic direction for our voting at AGMs and work on nomination committees. How management assesses and manages climate-related risks and opportunities Management is in charge of monitoring and developing the work around climate change, which includes governance and strategy development. The Head of Sustainability is part of the management team and reports directly to the Chief Executive Officer. The Head of Sustainability is responsible for the development of strategies and policies, and also methods and tools, relating to climate change, including keeping the organisation informed about global trends and industry developments relating to climate change. The head of active management and the head of passive management and asset allocation are responsible for the integrated management of climate risks and opportunities in accordance with the policies and strategies in their respective business areas. Governance structure for climate-related risks Handelsbanken Fonder’s governance structure for managing climate-related risks is integrated into our overall sustainability governance. The Sustainability Committee, chaired by the Head of Sustainability and comprising the CEO, Product Manager, CIOs, and specialists, discusses and takes decisions on sustainability-related matters, such as methodology developments and decisions regarding the assessment of companies in relation to exclusion criteria. The CEO is the ultimate decision-maker in this forum, guided by the recommendations of the participants. The monitoring and progress of our climate goals are reported regularly in the Sustainability Risk Forum, which consists of the CEO, CIOs, Compliance, Head of Risk and Head of Sustainability.
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