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Responsible investments

 

What sustainability means to us

We are long-term investors. Investment decisions are based on the fund managers' analysis, where factors such as the company's business model, market position, development opportunities and risks are examined. As part of this analysis, sustainability factors are also assessed in the same way as operational and financial factors. We are convinced that how a company manages sustainability issues affects a company’s future development.

 

We believe that good companies

  • are long term and have sound business ethics
  • take responsibility for the impact their business has on the world at large
  • have identified all of their risks, including sustainability risks, and they have processes in place to manage and minimize these risks

Examples of sustainability risks include

  • lack of business ethics
  • lack of environmental engagement
  • lack of control over suppliers
In September of 2013 Lannebo Fonder became signatories of the PRI, the UN directive for Responsible Investments.

Sustainability in the investment process

We seek to invest in companies with sustainable business models that are well positioned for the future. We carry out a thorough company analysis prior to every investment, which is then maintained as part of our on-going ownership process. Over the years, sustainability issues have turned into increased business risks given the challenges in the world around us together with customers' increased awareness in the area. These risks are considered as part of the company analysis in the same way as operational and financial aspects are considered. We continuously train our portfolio managers in the field of sustainability in order to achieve the best attainable result.

Lannebo Fonder does not invest in companies involved in the production or development of inhumane weapons such as:
  • cluster bombs
  • nuclear weapons
  • land mines

Sustainability as part of our active ownership

Lannebo Fonder is a major shareholder in many Swedish public companies, which results in a responsibility, and an opportunity, to influence the companies. We focus our engagement to the companies where we have a major ownership interest because it is here where we can bring about the greatest impact.
  • We engage in dialogue, both proactively and reactively, with company executives regarding their sustainability activities
  • We participate in company nomination committees, which include the proposal of the Board Chairman and the directors at the Annual General Meeting
  • We exercise the fund's voting rights at the Annual General Meetings
Being a responsible owner is part of creating sustainable products. The purpose of our pursuing active ownership is to protect unit holders’ common interests and to promote a healthy long-term development of companies and the financial markets, and to promote confidence in the equity market. The foundation of our active ownership is Lannebo Fonder’s ownership policy and the Swedish Code of Corporate Governance. Learn more about our engagement as active owners here.

Sustainable- and Thematic funds

Our investment philosophy and our approach to sustainability aspects applies to all of our funds and for all of our fund managers. We do not limit this work to individual sustainability funds or so-called ethical funds.

Resources
  • Company analysis that includes sustainability aspects
  • Head of Responsible Investments & Corporate Governance
  • Internal committee for Responsible Investments

Our commitment
  • Lannebo Fonder became signatories of the PRI, the UN directive for Responsible Investments, in September of 2013 as part of our efforts to be a responsible investor and owner. Our investment management process has not changed due to the membership, but the membership provides and promotes a greater significance to sustainability aspects internally facilitating progress forward. Learn more about PRI below.
  • Lannebo Fonder is a member of the Board in Swesif (Sweden´s Sustainable Investment Forum)
  • We participate in the Swedish Mutual Fund Association's task force regarding sustainability and corporate governance issues in order to drive the industry in the appropriate direction.

Monitoring and reporting
  • New investments must be approved by the Risk Management function, which verifies that investments follow the criteria established by Lannebo Fonder's Board.
  • Fund managers are responsible for working in accordance with Lannebo Fonder's internal guidelines that include sustainability aspects as part of the investment process.
  • Fund managers have a daily responsibility to monitor the companies in the fund. Information about companies is collected from, among others, analysis services, media services and dialogues with the companies.
  • Daily checks carried out by fund administration ensure that the fund is only invested in permitted holdings.
  • All of the funds' holdings are published yearly on an annual and interim basis, and can be found on Lannebo Fonder's website.
  • A report is compiled annually to the UNPRI, UN directives for responsible investments.

To learn more

Contact Maria Nordqvist, Head of Responsible Investments & Corporate Governance.



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PRI, the UN directive on responsible investments, aims to include environmental, social and governance issues in investments and has become a global industry standard for responsible investments. PRI comprises six principles that an investor should strive to follow.

1. We will incorporate ESG issues into investment analysis and decision-making processes.
2. We will be active owners and incorporate ESG issues into our policies and practices.
3. We will seek appropriate disclosure on ESG issues from the companies in which we invest.
4. We will promote the acceptance and implementation of the Principles within the investment industry.
5. We will work together to enhance our effectiveness in implementing the Principles.
6. We will report on our activities and progress in implementing the Principles.

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