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Combatting climate change

Climate change is one of the most serious and acute problems of our time. SKAGEN is committed to reducing global warming and keeping the average temperature well below the 2-degree target. 

In order to prioritise measures, we will map SKAGEN's emissions and set goals to minimise our climate impact. Photo: Pixabay

As a fund manager, our biggest climate impact is indirectly through the funds' investments, but we also want our company to have the smallest footprint possible. We are now working to identify and improve the areas where we can reduce our climate footprint. This will be central to SKAGEN's sustainability strategy in the future.

Since 2020 SKAGEN has performed annual carbon audits tracking own operational emissions, to identify high emitting factors with an aim to reduce our footprint. We also revise our travel guidelines to promote and adapt to more environmentally friendly travel.

Important measures:

  • Environmental supplements to our travel guidelines
  • Less consumption of red meat and minimal food waste
  • Discontinue all use of disposable plastic items at the head office
  • Reduce the use of plastic waste bags by about 10,000 per year
  • Only use certified cleaning products to ensure that no harmful substances enter the water supply

Although these measures may seem small, we believe that they are an important step towards a faster change in culture and behaviour that will lead to greater changes ahead.

SKAGEN's carbon audit reports

SKAGEN has committed to joining the collective global effort to decrease greenhouse gas emissions. In September 2020, we decided to initiate annual carbon audits and the first reports are now ready.

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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