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SEB signs investor call to governments ahead of COP27

Ahead of COP27 in Egypt, investors within the collaboration The Investor Agenda, of which SEB Investment Management is a part, urge the world's governments to increase the pace of climate change. The letter is signed by 604 investors and financial institutions that together represent close to 42,000 billion dollars in capital.


Pledges as well as pace of change must increase

In the letter, the signatories emphasize that the investments in the green transition are far too low. The same applies to the level of national objectives that the countries of the world have agreed upon within the framework of the Paris Agreement. If all countries were to fully meet their targets, the world will experience global warming of between 2.1 and 2.4 degrees, which is thus well above the Paris Agreement's goal of limiting warming to 1.5 degrees.

The investors believe that the most important increase in ambition is that the national targets for emission reductions by 2030 are adjusted so that they are aligned with 1.5 degrees of warming or less. In addition, new financing mechanisms will be needed to direct more capital to transition, expansion of fossil-free energy production and support to developing countries. Not least, a soon stop date for fossil energy, above all coal power, is needed, the signatories believe.

SEB Investment Management will continue to invest in companies and actors that work for a climate transition in order to contribute to accelerating the reduction of the global economy's emissions of greenhouse gases.This is a part of the commitment to deliver good, risk-adjusted returns to the fund investors.

Read more about The Investor Agenda here: The Investor Agenda | Accelerating action for a net-zero emissions economy

Read more about SEB Investment Management's climate commitments here: SEBIM_climate_statement.pdf (sebgroup.com)