Responsible investment
Target: 50-70% reduction in CO2e footprint* from investments in 2030 compared to the CO2e footprint in 2020
Responsible investment. It sounds easier than it is. But that will not make us give up without trying. Because a step is still a step no matter how small.
The target to halve the CO2e emissions from companies in the Bank’s investment portfolio is ambitious. Fortunately, there are several different buttons we can push to meet our set target.
One of these buttons is “active ownership” where we attempt to impact companies’ development through engagement and voting at general meetings.
Another button is divestment. However, we believe that selling off polluting companies in important industries such as the cement and steel industries will not contribute effectively to reducing actual CO2e emissions worldwide. Instead, we believe that more will be gained by helping to move production in a more sustainable direction.
Currently, data on CO2e footprints is most advanced within listed shares and corporate bonds. These two asset classes are therefore initially included in the calculation of the Bank’s CO2e footprint. However, data is improved on an ongoing basis and over time we expect to be able to include investments in government bonds and mortgage bonds.
Read more
* Where CO₂ only refers to carbon dioxide, CO₂e includes other greenhouse gases such as methane.