8 February 2021
UN Secretary-General António Guterres has on several occasions highlighted the importance of the Net Alliance’s work for the climate. Recently, Folksamgruppen’s CEO Ylva Wessén was invited to a meeting to discuss the financial industry’s role in the transition to a more sustainable world.
Folksamgruppen has a long tradition of working with responsible asset management, and was one of the founders of the Net-Zero Asset Owner Alliance. The alliance brings together a total of 33 institutional owners, who together manage more than SEK 50,000 billion with the common goal that the investment portfolios will reach net zero emissions of greenhouse gases by 2050.
– Climate change is a major challenge for the world, but at the same time one of the great economic opportunities of our time. A fossil-free economy requires new technology and new innovations, and this transition will obviously need funding in the coming years. This means good opportunities for a good return and is simply an opportunity that we investors need to take advantage of, says Ylva Wessén, CEO of Folksamgruppen.
At the meeting, the UN Secretary-General highlighted how investors can influence both new initiatives and decisions as well as the pace of implementation to reach net zero in the financial industry, and by extension for the economy as a whole.
In order for investors to be able to more clearly influence strategies and objectives and put pressure through the investments that are made, transparent climate strategies and clear goals from companies are required.
– By cooperating, as we do within the Net Alliance, we can put pressure on companies to contribute to climate change. It requires that we work together, both we as investors, but also the legislators and all organizations representing civil society. It is only together that we can achieve the set climate goals, says Ylva Wessén.Source: Folksam
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