As the sole Swedish investor, SEB is investing in the Danish SDG Investment Fund – a fund that is contributing toward achievement of the UN’s 17 Sustainable Development Goals by investing in developing countries. SEB is investing a total of DKK 200m.
“The fund is an innovative example of how private and public capital can work together and make a difference at the same time that this is done on commercial grounds with solid return requirements,” says Rebecka Elkert, responsible for sustainable investments in Pensions & Insurance at SEB. “IFU has more than 50 years of experience from investments in developing countries and in lifting people out of poverty. We view this investment as an important part of our work on ensuring that sustainable investments have a prominent place in our traditional life management.”
The fund (Danish SDG Investment Fund) invests in companies in Africa, Asia, Latin America and parts of Europe in sectors such as renewable energy, infrastructure, water and sanitation. This is done in partnership with actors in the Danish business sector that have strong competencies in a number of strategic sectors that support the achievement of the UN’s Sustainable Development Goals. The fund is managed by Investeringsfonden for Udviklingsland (IFU – the Investment Fund for Developing Countries), which is owned by the Danish government. The investment is being made within SEB’s traditional life insurance operation.