Swedbank Robur has lengthy labored actively with the local weather concern in all asset courses. Nevertheless, established measurement strategies have up to now been missing for, amongst different issues, the carbon footprint of fastened revenue funds.
The fund firm has now, underneath its personal auspices, developed a primary technique for how one can calculate and report the carbon footprint of lined bonds, which make up a really massive a part of the capital in conventional fastened revenue funds.
“We will not look ahead to every part to be in place however begin working with what we do have if we’re to drive the event ahead. By creating this technique and publishing our first estimates, we’ve taken yet one more vital step in with the ability to measure the carbon footprint of conventional fastened revenue funds. We see that an preliminary estimate is already possible right this moment, and it additionally provides us indication of how massive the carbon footprint of this asset class is”, says Pia Gisgård, Head of Sustainability and Governance at Swedbank Robur.
Measurement of climate-related components has up to now been concentrated to equities and company bonds, the place there have been established measurement strategies for i.e., carbon footprint. Swedbank Robur’s figures ought to be seen as a primary estimate, however with, amongst different issues, continued growth of methodology from the issuers and higher high quality of the underlying information, the figures will constantly enhance shifting ahead.
“In our dialogue work, the fastened revenue group has targeted on encouraging issuers to extend transparency of their reporting, exactly to allow measurement in the long run. Extra just lately, reporting has improved, and new strategies have been developed, which now enable for first measurement. The tactic we’ve developed provides us basis that we are going to proceed to develop sooner or later as data will increase within the space and the supply of knowledge turns into higher and higher”, says Karin Beltzér, Head of Fastened Earnings at Swedbank Robur.
Swedbank Robur’s technique relies on business requirements for estimating carbon footprints throughout asset courses developed by the Partnership for Carbon Accounting Financials (PCAF).
Concerning the Partnership for Carbon Accounting Financials (PCAF)
PCAF is an initiative that intends to allow issuers to calculate and report on carbon dioxide emissions linked to loans and investments. The methodology relies on calculations by the issuer itself, which ought to reduce the variety of assumptions in comparison with if an information supplier had been to make the identical calculations.