Swedbank Robur has launched two funds to finance projects which contribute to the UN’s climate goals.

Swedbank Robur Climate Bond fund invests in sustainable bonds issued by supranational entities and municipalities, as well as secured mortgage bonds. The money will finance projects that promote sustainable development such as clean transport and renewable energy.

The Swedbank Robur Climate Bond High Yield fund will invest in corporate bonds issued by sustainable companies or green bonds issued by other companies. These include producers of electric vehicles or projects promoting the environment and climate.

The move comes after Swedbank launched an equity fund focused on the climate in 2021.

The company said the financial system plays a crucial role in the global transition and it will require both significant capital and new financial products to finance sustainable investments.

"As Sweden's largest fund company, we take a clear stance on issues important to our savers, investments, and society at large, said Pia Haak, CIO at Swedbank Robur. “The continued growing interest in sustainable and climate-focused investing is a crucial and positive driving force in our efforts to continue shifting capital in a more sustainable direction.

“With the launch of Climate Bond and Climate Bond High Yield, we take another important step forward by expanding our offerings with a specific focus on the climate to cover more asset classes."

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