With an investment of SEK 600 million in a green bond issued by the World Bank, the Folksam Group has now attained the goal of owning more than SEK 25 billion in green bonds before the end of 2018. This is an important step in the Folksam Group’s sustainability efforts, and it consolidates the group’s position as a global leader within green bonds. These bonds now comprise six per cent of the managed assets.
KPA Pension and Folksam, which are part of the Folksam Group, are investing SEK 2 billion in a bond contributing to the creation of a sustainable Stockholm. With this investment, Folksam Group intends to highlight the significance of planning and building cities and communities that are inclusive, safe, resilient and sustainable. At the same time, the deal contributes to the goal of giving customers a good risk-adjusted return.
Folksam General has signed an agreement to sell its 75 percent stake in Folksam Skadeförsäkring with operations in Finland. The shares are sold to the Finnish insurance company Fennia. The other owners of Folksam Skadeförsäkring, Aktia Bank (10 percent) and Veritas Pension Insurance (15 percent) also sell their shares to Fennia. “This is a good....