We want to make climate change and related practices more prominent in Evli's investments, and have therefore published separate Principles for Climate Change. We consider the effects of climate change and its impacts through four procedures.
1. Analysis and monitoring of greenhouse gas emissions of investments
We monitor the emissions of companies in Evli’s equity and fixed income funds by analyzing fund-specific carbon footprints. The carbon intensity of our funds is monitored regularly by our Responsible Investment Steering Group.
As the indicator of the carbon footprint the weighted average carbon intensity according to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) is used. The TCFD is an international climate risk reporting framework in which the economic impacts of climate risks become part of the official financial reporting.
2. Monitoring thermal coal and peat companies and excluding them from investment instruments
We avoid investing in companies that gain a significant part of their revenue (at least 30%) from thermal coal. In addition, we have excluded companies manufacturing peat from our investment universe.
3. Engaging with companies
Together with other investors we encourage companies to report the climate impacts of their operations and to describe how the companies control and benefit from the risks and opportunities related to climate change. We will also engage with individual companies if we see the need for it.
4. Reporting of Evli’s climate risks
Our aim is to report on climate risks in accordance with the TCFD’s recommendations over the coming years across Evli Bank’s functions as a whole.
In addition to the procedures mentioned above, the aim of Evli Bank is to continuously develop its way of carrying out responsible investment and the related processes, including observing climate change in its investment activities. In practice this means that we regularly evaluate our procedures, actively monitor the market and climate discussion and also carry out discussion with our stakeholders and various companies in order to develop responsibility.
Read more about Evli's responsible investing
Outi Helenius, Evli Bank’s Head of Sustainability, tel. +358 (0)40 720 6859