The World Bank has issued a SEK4 billion (£31m) green bond, with the Folksam Group as the sole investor.
World Bank Green Bonds support the financing of projects in member countries that meet specific criteria for low carbon and climate resilient growth.
Eligible projects include renewable energy installations, energy efficiency measures and new technologies in waste management and agriculture that reduce greenhouse gas emissions and support a low carbon transition.
In addition, green bonds support the financing of forest and watershed management and infrastructure projects that prevent climate-related flood damage.
Heike Reichelt, Head of Investor Relations and Sustainable Finance, World Bank Treasury said, “World Bank bonds are a way for investors to contribute to their sustainable investment targets as they channel funds to our member countries for a greener and more resilient future.
“We are delighted to once again collaborate with the Folksam Group and appreciate their holistic approach including not only green but sustainable investment products overall.”
Marcus Blomberg, Investment Manager, Folksam added: “I am pleased with the close cooperation we within the Folksam Group have had for a long time with the World Bank and their various initiatives for sustainable development. Customers of Folksam not only get a secure return on their pension money but can also be involved in and contribute to a sustainable future.”