Press release: Swesif launches new Sustainability Declaration (Hållbarhetsprofilen)

Today, Swesif, Sweden’s Forum for Sustainable Investment, launches an upgrade of Swesif’s Sustainability Declaration for Funds (Hållbarhetsprofilen, HP). HP 2023 is aligned with the EU Sustainability Related Disclosures Regulation (SFDR[1]) and is more user-friendly for both fund companies and the general public. 

The new version of HP is part of the process of aligning the tool with the EU sustainability regulation, SFDR. The update also makes HP more user-friendly. Going forward, the ambition is to make it also compatible with the European ESG Template (EET), the standardised template that fund companies already use to report to distributors.

The purpose of HP is to help fund investors and the general public to obtain simple and transparent information on sustainability criteria and compare how these are applied by fund managers. The profile also describes how fund companies work with sustainable and responsible investments in their fund management.

Swesif has been working on an upgrade of the Swesif Sustainability Profile over the past two years. Today, 1 February 2023, the upgraded version was launched.

Susanne Bolin Gärtner, Chair of Swesif and project member:

“We are very happy and proud of the upgrade of Swesif’s Hållbarhetsprofilen. The new version makes the product more relevant and user-friendly, as it is more compatible with the new SFDR rules and its classification of funds under Articles 6, 8 and 9. We would like to thank the Swesif members who participated in the work on this upgrade. Their help has been crucial to the project.”

Background on the Swesif Sustainability Profile (HP)

The Sustainability Profile was created back in 2011 and has since been further developed with two major upgrades. The objective is to make it easier for investors to understand the sustainability profile of funds and to facilitate comparisons between different funds. The Sustainability Profile should not be considered a legal document and is not equivalent to nor in any way replaces the information that the fund company is required to provide by law and/or regulation. The information in the Sustainability Profile is provided and presented by the fund companies. Swesif assumes no responsibility for the information provided in the Sustainability Profile. The fund companies are fully responsible for ensuring that the information is accurate, not misleading and updated at least once a year and that it does not contradict other information provided by the fund company.

For further information, please contact:

Swesif Executive Office,
Anette Carmelius, Responsible for the Sustainability Profile Project Group,
Susanne Bolin Gärtner, Chair of the Swesif board,

About Swesif

Sweden’s Sustainable Investment Forum (Swesif) was founded in 2003 to provide the Swedish financial industry with a forum through which information and experience on sustainable finance can be disseminated, perspectives and expertise shared, and awareness of the importance of sustainable investment raised. Swesif plays an essential role for its more than 130 member organisations by enabling networking and interaction on sustainability issues, conducting valuable research projects, and exchanging best practices and policy insights.

[1] The Sustainable Finance Disclosure Regulation (SFDR) is the EU’s first regulation aimed at redirecting capital flows towards sustainable finance. The SFDR was introduced to increase transparency on sustainability in the financial market and thereby prevent greenwashing.

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