AMWatch

Folksam targets SEK 25 billion green bonds after USD 350 million investment

Sweden’s Folksam is doubling its green bonds allocation target after taking a USD 350 million tranche of the notes issued by the World Bank through the IFC. “The Folksam Group is now one of the largest private buyers of green bonds in the world,” says president and CEO Jens Henriksson.

Photo: /ritzau/AP/Martin Meissner/

Insurance group Folksam now has four percent of its total assets invested in green bonds, following a recent USD 350 million(EUR 299 million) investment in notes issued by the World Bank.

The Swedish life, non-life and pensions group said it acquired the large tranche of green bonds in an exclusive process via the World Bank's private sector agency IFC.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

ATP to pressure portfolio companies with new tool

Starting next year, companies will be required to divulge the proportion of investments and revenue which can be classed as sustainable. This is meant to provide institutional investors with far better means to push carbon-intensive businesses in a greener direction, says ATP about vastly improving its active ownership.

GSAM bets on millennials

Through a partnership with Max Matthiessen and its fund firm Navigera, Swedish customers can get access to one of Goldman Sachs Asset Management’s active equity strategies. It’s one that is based on the rise of a powerful consumer force, portfolio manager Laura Destribats says during a Stockholm press meet.

Further reading

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch