TBLI CONFERENCE™ EUROPE 2014 - Managing Climate Change Risks - Anette Andersson - SEB
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Transcript of TBLI CONFERENCE™ EUROPE 2014 - Managing Climate Change Risks - Anette Andersson - SEB
Managing Climate Change Risks
2014-10-29
Anette Andersson
SEB Wealth Management
SEB - A Nordic bank with a global reach
SEB Investment Management 2014-10-23 2
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Responsible and active ownership
We are convinced that companies that actively manage the
environmental, social and governance aspects of their business are better
positioned to reduce risk and seize opportunities.
As a large institutional investor, SEB seeks to engage with holdings to
pursue long-term value creation.
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Anette Andersson –
Fund Manager and ESG Investment Specialist
• Worked in the financial industry since 1990
• Fund Manager for ESG-funds since 2006
Ethos Aktiefond
• Was assessed for Climate Impact 2013
• Fossil-free* since 2008
SEB Etisk Sverigefond:
• Was assessed for climate impact october 2014
• Fossil-free since 2008*
• Best Equity Fund Sweden 3 Years – Lipper Fund Awards Europe 2009 & 2010
• Citywire AA rating 2009&2010,
• 2:a in Thomson Reuters yearly ranking of the best Fund Managers 2008
• Investment Management has approx EUR 158 billion under managment
SEB Investment Management 5
Why?
New EU Climate Agreement
Portfolio Decarbonization Portfolio/Montreal Carbon Pledge
Climate change is effecting companies financially
Client-driven (mainly insitutional)
Stranded Assets
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How does this affect my daily work?
Valuation – company specific
80% of the emissions stems from usage
By 2020 50% reduction of Carbon Emissions
Reduction achived by 2014 – 20%
– 29% reduction in energy equals savings of 3-4%/year
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Stranded Assets and Climate Change
Very real threats with financial impact
”The worst thing is to do nothing”: Mats Andersson, CEO, AP4
Preparedness critical for companies future earnings
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Outcome from the report
Engagement-list
Emissions are relevant to all sectors
Possible to have a ”Best-in-Class”- or ”Worst-in-Class” approach
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Communication
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Trends…
Clients Reputational Risk
SEB Reputational Risk
Fossile-free
Carbon-cautious
Portfolio Decarbinazation Coalition
Montreal Carbon Pledge
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Performance or sustainability?
Fund YTD 1 year 3 years 5 years
Ethos Aktiefond 9,2 14,1 80,1 75,8
SEB Etisk Sverigefond 12,1 15,2 76,6 68,4
Average Swedish equity-funds* 9,0 13,9 76,4 75,3
DNB Sverige Koncis 6,0 10,0 61,9 50,3
DNB Sverigefond 8,0 12,3 67,8 65,7
Nordea Swedish Stars 7,9 12,1 75,3 71,6
Swedbank/Robur Ethica 7,6 11,0 72,0 64,6
Source: Morningstar September 2014
* Average of 15 mainstream equity.funds
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Disclaimer
This material is provided at your request for informational purposes only, and it is intended for use by the designated recipient only. It is not an offer or solicitation to buy or sell any securities.
Information and opinions presented in this material have been obtained or derived from sources believed by SEB to be reliable, but SEB makes no representation as to their accuracy or completeness. SEB accepts no liability whatsoever for any loss, damage or claim arising from the use of this material. This material is directed exclusively to institutional investors or existing investors who are experienced investors as defined by the rules of the relevant Financial Services Authority or are otherwise eligible under these rules. It is not intended for private customers and such persons should not rely on this material.
Opinions expressed in the material are current opinions as of the date appearing in this material only and SEB has no obligation to provide any updates or changes. No part of this material may, without SEB’s prior written consent, be (i) copied, photocopied or duplicated in any form, by any means, or (ii) disclosed or otherwise distributed to any person that is not an employee, officer, director, or duly authorised agent of the recipient.
Prospective investors should inform themselves as to any applicable legal requirements and taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant.
Past performance is not indicative of future results, which may vary. The value of investments and the income derived from investments can go down as well as up. Future returns are not guaranteed, and a loss of principal may occur. References to indices, benchmarks or other measures of relative market performance over a specified period of time are provided for your information only and do not imply that the portfolio will achieve similar results. The index composition may not reflect the manner in which a portfolio is constructed. While an adviser seeks to design a portfolio which reflects appropriate risk and return features, portfolio characteristics may deviate from those of the benchmark.
More information is provided in the prospectus for the fund(s) mentioned in the material. Prospective investors should inform themselves as to the contents of the simplified prospectus and information brochure, which are available at www.seb.se.
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Investment Philosophy
It is my firm belief that companies that work in a sustainable way also are financially well
managed.
These companies avoid future indictment, prosecution or costly adjustments to new rules
and regulations. Sustainability is about using resources such as water, energy and
material in an effective way to minimize the waste.
Corporate Sustainability is a business approach that creates long-term shareholder
value by embracing opportunities and managing risks deriving from economic,
environmental and social developments.
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