Handelsbanken Fonder AB
Handelsbanken Fonder AB is a Swedish bank headquartered in Stockholm with offices in the Netherlands, Norway, Finland, Denmark, Great Britain, and Sweden. It joined the Net Zero Asset Managers Initiative on 11 December 2020 and its initial target disclosure was published on 1 November 2021.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
100% of total AUM (USD $87 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio decarbonisation reference baseline
Preliminary performance. Data per 2020. We are still backtracking data to calculate the performance for 2019.
1. 3.98 tCO2e/mSEK EVIC
Allocation to climate solutions baseline
Preliminary performance. Data per 2020. We are still backtracking data to calculate the performance for 2019.
2. 10% of AUM in climate solutions, as defined by internal taxonomy (will be updated as soon as EU Taxonomy data is available)
Target(s):
Portfolio decarbonisation reference target
50% carbon intensity reduction for our total AUM
Allocation to climate solutions target
Double proportion of AUM in climate solutions
GHG scopes included:
Target includes Scope 1, 2 & 3. Scope 1 & 2 has very good coverage when including estimated data (which we believe to be of high quality). Scope 3 has very good coverage but it mainly consists of sector estimates at this point in time. However, the granularity and reliability of the estimates within high climate impact sectors we believe to be of reasonably high quality.
Methodology:
Net Zero Investment Framework
Scenario(s):
IPCC’s 1.5°C trajectory with no or limited overshoot.
Additional information
Policy on coal and other fossil fuel investments:
Applies to 100% of AUM per 1 st of December (we are closing the last ETFs that do not comply with our exclusion strategy). See our policy for Shareholder Engagement and Responsible Investments for presentation of our exclusion strategy:https://www.handelsbanken.se/tron/public/info/contents/v1/document/32-109154
We have a broader exclusion strategy which applies for all our AUM but one ETF. This ETF is however not invested in fossil fuels, which why we say the fossil fuel exclusion strategy applies to 100% of AUM.
Further information:
Our Climate Report for 2020 covers our net zero strategy and specific targets: https://www.handelsbanken.se/tron/public/info/contents/v1/document/32-94732