The launch of a new environmental portfolio, 81 engagement dialogues, and a top ranking in a prestigious sustainability survey. Those are some highlights mentioned in the Söderberg & Partners Sustainability Report of 2023.
Söderberg & Partners’ ‘Investment Management’ division launched a new environmental portfolio in 2023. Through global equity funds, it offers clients investment opportunities in green technology, nature-based solutions, clean energy, and other sectors that aim to address environmental challenges. The funds focus on six environmental themes that connect to the environmental objectives prioritized by the EU in the Taxonomy Regulation, which will have a huge effect on corporate sustainability reporting.
They have 68 funds with a particular sustainability focus available to their clients, which is an increase of 9 funds since the beginning of 2022. They have reached their target that 100% of equity and fixed income funds within discretionary mandates offered by Söderberg & Partners Wealth Management AB have attained at least a yellow or green sustainability rating. More funds have also been subject to an in-depth sustainability analysis, which builds on interviews or other types of direct contact with fund managers.
As a service company within the financial sector, it is through the company’s financial advisory, asset management, insurance intermediary, and HR-related services that it can have the biggest climate impact. The company is constantly increasing its efforts to reduce its carbon footprint, for instance, a travel policy has been developed, where air travel should always be the last option, and employees are to travel by train if the journey takes 4 hours or less by train. Between 2022 and 2023, it managed to reduce the number of short flights (< 500 km) in Sweden by an average of 22 percent, compared to the last three-year period.
The company does put in a lot of effort towards sustainability, both for itself and its clients. In 2023, Söderberg & Partners Wealth Management AB was awarded first place in the “Sustainable Investments” category in Kantar Sifo Prospera's Private Banking survey. This prestigious recognition underscores the clients’ perception of the company as an industry leader in sustainability.
Here is a list of other sustainability highlights from 2023. They have:
- Covered about 3,745 financial and insurance products in the sustainability analysis.
- Launched the new engagement theme carbon emissions in the fund Aktiv Påverkan. Aktiv Påverkan is a fund strategy that leverages the power of an active ownership profile to achieve long-term sustainability goals that are selected by their clients.
- Conducted a sustainability analysis of non-life insurance companies in Finland this year, the first company in Finland to ever do so.
- Partnered with the Stiftelsen Läxhjälpen Foundation to support the education of over 350 children in over 20 schools across Sweden.
- Raised 96,289 euros for the company Solvatten during Sustainability Week, resulting in 882 Solvatten units that purify water for the people of East Africa who were in dire need of clean water.
- Participated in 81 engagement dialogues with some of their most important partners, which include 33 held by the Sustainability Team.
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I like this quite a lot. Söderberg & Partners' sustainability strides are commendable, with a focus on green investments, reduced carbon footprint, and impactful initiatives. To elevate their efforts, I'd love to see if they could enhance transparency and set more ambitious targets.
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Encouraging in many ways.
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Love their new environmental portfolio focusing on green solutions. ♻️ Reducing air travel and prioritizing employee well-being with their travel policy is a great step.
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@george_kariuki It is a blueprint for sustainability which we should encourage other organisations on the platform to adopt as well to go and remain sustainable in the long run.
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Thanks for sharing your progress! What's coming up this year?
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@sarah_chabane_874 Hopefully they have pretty ambitious targets that will blow these achievements out of the water and challenge others to make a change in their own models based on this one.
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@sarah_chabane_874 Hi Sarah, Thank you for your question! For this year, we will continue to act upon the sustainability targets that we set for the past two years. You can read more about them on pages 6 and 7 of our report: https://online.flippingbook.com/view/198226373/6-7/
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Superb commitments in progress,continue with the same momentum.
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Wonderful progress.Keep it up.
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Great to read about your progress, keep up your good work!