SPP, the Swedish business of Norway’s Storebrand group, is adding a ‘Europe’ fund to its range targeting fossil free portfolios.
The PLUS funds range currently includes the Emerging Market, Global, Sweden and Norway PLUS funds, to which it is adding Europe PLUS.
The funds consist of fossil-free index based equity portfolios that also integrate sustainability variables. They do not invest in companies that extract or distribute fossil fuels or companies with large fossil reserves. They also avoid companies with high carbon footprints and invest more in those with low carbon footprints. The portfolios are also partly dedicated to investing in renewable energy and companies position to benefit from providing sustainable solutions.
SPP says that the portfolios therefore lend themselves to investors seeking to meet climate change objectives.