OP is the first fund management company in Finland to publish the carbon footprint of its equity funds
(Thomson Reuters ONE) -
OP is the first sector company in Finland to publish the carbon footprint of its
equity funds. By doing this, we wish to foster the development of a more
responsible investment sector and to speed the transition of the society towards
a future of smaller carbon emissions. At the same time, we wish to offer
investors the opportunity to compare funds by emission key figures.
More and more companies are calculating and reporting their CO(2) emissions,
enabling the application of these figures in the selection of investments. OP
uses international partners to acquire information on the emissions of
companies.
Emissions will be reported by equity fund, which means that our equity funds
will get a ratio for carbon intensity that takes into account company-specific
weights in the portfolio. The carbon intensity ratios will be published in the
six-month and full-year reports of the equity funds. Over time, investors will
be able to compare the carbon footprints of the different funds and to monitor
the long-term development in emissions.
A fund promoting a lower-carbon society
Investors are showing increasing interest in companies that fight against
climate change or those that exploit opportunities related to climate change.
Consumers and legislation also put increasing pressure on companies' eco-
friendliness. Companies are preparing for risks that climate change entails, and
at the same time this will bring competitive advantages to many companies.
In April, OP launched OP Low-carbon World, a fund that targets a low carbon
footprint and pays special attention to greenhouse gas emissions in the
selection of its investments. Based on an analysis, the best companies from each
stock market sector are admitted to the fund from the perspective of emissions.
By concentrating on a sector-specific review in respect of greenhouse gas
emissions, OP will ensure that investors have access to well-diversified
investments in all low-carbon sectors. The other funds in the family of
responsible investment are OP-Climate and OP-Clean Water.
Responsibility for the operating environment and sector development
OP wants to be actively involved in the development of a more responsible
investment sector.
- Publishing fund-specific carbon intensity ratios is the next step after launch
of the OP Low-carbon World Fund in April. With these measures, we hope to
encourage sustainable business practices and to promote the achievement of
investors' targets, says Timo Leskinen, Head of Fixed Income and Investment
Strategies, OP.
- OP was among Finland's first asset management companies to sign the UN
Principles for Responsible Investment in 2009. After this, we have been even
more determined to further develop our responsible investment policies, as a
result of which our wealth management uses the state-of-the-art responsible
investment practices in the sector.
For more information, please contact:
Timo Leskinen, Head of Fixed Income and Investment Strategies, tel. 050 560 6200
Pasi Vuorinen, Head of Institutional Clients, tel. 050 5024385
OP Financial Group is Finland's leading financial services group providing a
unique range of banking, wealth management and insurance services. OP's mission
is to promote the sustainable prosperity, security and wellbeing of its
customer-owners, customers and operating regions. Its objective is to offer the
best and most versatile package of loyal customer benefits on the market. OP
Financial Group consists of about 180 member cooperative banks, its central
institution OP Cooperative, and the latter's subsidiaries and affiliates. The
Group has a staff of 12,000. OP Financial Group has 4.3 million customers.
As laid down in the applicable law, OP Cooperative and its member credit
institutions are ultimately jointly and severally liable for each other's debts
and commitments. The joint liability in the OP Financial Group is prescribed by
the Act on the Amalgamation of Deposit Banks. Pohjola Bank plc and OP Mortgage
Bank are responsible for OP's funding operations on money and capital markets.
www.op.fi
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pohjola Pankki Oyj via GlobeNewswire
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Datum: 11.05.2015 - 10:33 Uhr
Sprache: Deutsch
News-ID 392124
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