With this motivation, the mutual has increased its ownership in steel producer SSAB. SSAB’s plan is to offer fossil-free steel to the market in 2026 and to eliminate all CO2 emissions by 2045*. Folksam’s holding in SSAB now corresponds to 5.2 percent of the voting rights and 2.1 percent of the share capital. The additional investment was primarily made to take a more active role in supporting the company’s transition to fossil free steel production, while at the same time it is considered to have the potential to generate long-term attractive returns to Folksam’s clients.
* https://www.ssab.com/company/about-ssab/ssab-in-brief/ssab-story ”
In addition to investments focused on health, the bond focuses on goals linked to financial integration, climate-smart agriculture, access to clean energy at a reasonable cost, and clean water and sanitation.