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“Finance sector ready to shoulder leadership in sustainable finance”

The impact of climate change on investments cannot be ignored. The major challenge now is to shift financing flows towards climate-smart and sustainable investments – and Sweden is in a unique position to take the lead, writes the SSFC Advisory Board in an op-ed for Dagens Industri. Read this excerpt translated into English:

"The finance sector is ready to shoulder responsibility to drive the transition to a sustainable society and specifically to work towards achieving the Sustainable Development Goals. Sweden’s new government is facing both a big responsibility and a big opportunity. The finance sector needs the government’s active support in order to be able to assume leadership and be a positive driving force in sustainable finance – both in Sweden, and in Europe as a whole. However, what is needed from all parties – investors, businesses and government – is commitment, courage, support measures and the capacity to deliver.

We all need to up our game and work together across sectors and countries. In order for Sweden to play a leading role within sustainable finance, we also need more research. That is why we welcomed the initiative taken by the prior government to establish the Stockholm Sustainable Finance Centre (SSFC) (….)We know the impact global capital focused on investing in financial products, funds and companies that solve global problems can have. Sweden’s financial sector has unique prerequisites for acting as a model, and the Stockholm Sustainable Finance Centre will contribute to this leadership with research and education on how financial markets can more effectively support sustainable development. 

The goal is to become a leading European research centre in sustainable finance that transforms important research results into concrete measures. The vision is ambitious: the centre is to do its share for investment capital to grow exponentially so that Sweden’s climate targets and the wider targets of the Paris Agreement as well as the Sustainable Development Goals can be achieved."

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The SSFC Advisory Board (from left to right): Harald Mix, Managing Partner, Altor; Joachim Alpen, Head of Large Corporates & Financial Institutions, SEB; Anna Ryott, Chair of the Board, Summa Equity; Chairman Magnus Billing, CEO Alecta; Maria Håkansson, CEO Swedfund; Lars Strannegård, President, Stockholm School of Economics; Liza Jonson, CEO Swedbank Robur; Jens Henriksson, CEO Folksam Group