Swedbank Robur Fonder AB
Swedbank Robur Fonder AB is a Swedish-based asset manager headquartered in Stockholm serving clients across the Nordic region. It joined the Net Zero Asset Managers initiative on 11 December 2020, with its initial target disclosure published on 1 November 2021 and updated on 1 February 2026.
Information on climate target(s)
Baseline(s):
Portfolio decarbonisation reference baseline
Carbon footprint, Scope 1 & 2, equities and corporate bonds = 3.6 tCO2e/mSEK
Portfolio decarbonisation reference baseline
Carbon footprint, Scope 1, sovereign bonds = 10.7 tCO2e/mSEK
Carbon footprint, Scope 1, municipal bonds = 0.99 tCO2e/mSEK
Carbon footprint, Scope 1 & 2, regional bonds = 4.08 tCO2e/mSEK
Portfolio coverage baseline
% AUM in equities, corporate bonds and mortgage bonds :
- Not aligning to a net zero pathway = 53%
- Committed to aligning = 15%
- Aligning to a net zero pathway = 11%
- Aligned to a net zero pathway = 21%
- Achieving net zero = 0%
% AUM in sovereign bonds :
- Not aligning to a net zero pathway = 0%
- Committed to aligning = 100%
- Aligning to a net zero pathway = 0%
- Aligned to a net zero pathway = 0%
- Achieving net zero = 0%
Allocation to climate solutions baseline
% revenues from AUM allocated to climate solutions = 7.5%
Target(s):
Portfolio decarbonisation reference target
Carbon footprint, Scope 1 & 2, equities and corporate bonds = 1.8 tCO2e/mSEK
Carbon footprint, Scope 1, sovereign bonds = 9.1 tCO2e/mSEK
Carbon footprint, Scope 1, municipal bonds = 0.73 tCO2e/mSEK
Carbon footprint, Scope 1 & 2, regional bonds = 3.02 tCO2e/mSEK
Total emissions, Scope 2, mortgage bonds = 20 208 tCO2e
Portfolio coverage target
% AUM in equities, corporate bonds and mortgage bonds:
- Not aligning to a net zero pathway = 30%
- Committed to aligning = 20%
- Aligning to a net zero pathway = 25%
- Aligned to a net zero pathway = 25%
- Achieving net zero = 0%
% AUM in sovereign bonds:
- Not aligning to a net zero pathway = 0%
- Committed to aligning = 10%
- Aligning to a net zero pathway = 90%
- Aligned to a net zero pathway = 0%
- Achieving net zero = 0%
Engagement threshold target
Engage with companies within climate-material sectors that represent 70% of our financed emissions in Scopes 1 and 2, as well as Scope 3 upstream, that lack science-based targets in line with the Paris Agreement and reporting quality.
Allocation to climate solutions target
% revenues from AUM allocated to climate solutions seeing a steady increase overtime. No numerical target set yet.
GHG scopes included:
Carbon footprint calculations:
- Equity and corporate bonds: Scope 1 & 2
- Sovereign bonds: Scope 1
- Municipal bonds: Scope 1
- Regional bonds: Scope 1 & 2
- Mortgage bonds: Scope 2
Engagement target: Scope 1, 2 & 3.
Methodology:
Net Zero Investment Framework
Scenario(s):
IEA NZE 2050 for equities and corporate bonds. EU-level and Sweden targets for other asset classes.
Percentage of assets covered by climate targets
80% of total AUM (USD $212 billion)
Additional information
Proportion of AUM committed:
The targets disclosed include fund capital in equities, corporate bonds, sovereign bonds, municipal bonds, regional bonds and mortgage bonds. The targets do not cover discretionary mandates.
Policy on coal and other fossil fuel investments:
Commencing in 2021 Swedbank Robur adopted an ambitious exclusion policy on fossil hydrocarbonbased extraction (exclude companies with > 5% revenue from coal, oil and gas) and power generation (exclude companies with > 5% revenue from coal and oil, and > 50% from gas). Whilst the effect of this policy and other actions have not been SBT verified, it has resulted in an approximate 50% decrease in the carbon footprint of our investments in equity and corporate bonds over the past 5 years.
Further information:
For more in-depth information on our target setting framework, please see our Climate Strategy published on our website.