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Länsförsäkringar strengthens green transition requirements and makes ten exclusions

The Swedish financial group, which is owned by 23 regional banks, has tightened up its sustainability requirements and excluded ten companies focused on extracting oil and gas from its investment funds and portfolios. The company aims to be climate positive by 2045.

Head of Sustainability at Länsförsäkringar Fund Management Sofia Aulin | Photo: PR

Länsförsäkringar AB has reduced the amount of revenue that it will allow portfolio companies to bring in from oil and gas exploration and extraction from 50 percent to 5 percent.

This means that the company has divested from ten firms, including Chevron and Exxon.

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