4.1. Carbon foot-print
One easy way to reduce the carbon footprint of a fund would be to not invest in companies with carbon emissions. But that would not solve the root problem, namely that emissions are too large. The factories remain in place, whether we invest in them or not.
We believe more in being involved by influencing our holdings, and by supporting them in their sustainability efforts as a long-term investor.
One element of this is our support for CDP, a global organisation that works to encourage companies and communities to measure, report and reduce their climate impact.
Carnegie Fonder follows the recommendations of the Swedish Investment Fund Association and applies a measure that reveals the exposure of our equity funds to carbon-intensive companies. Carbon intensity is measured as a portfolio company’s carbon dioxide equivalents in relation to its revenues. In addition to carbon dioxide, emissions of other greenhouse gases such as methane, nitrous oxide and sulphur hexafluoride are also monitored.
Carbon footprints as of December 31:
| 2016 | 2017 | 2018* | 2019* | |
| Asia | 82,7 | 39,49 | 40,55 | 7,02 |
| Fastighetsfond Norden | n/a | n/a | n/a | 4,26 |
| Global | n/a | n/a | 14,1 | 7,16 |
| Indienfond | 16,32 | 123,54 | 34,71 | 52,58 |
| Micro Cap | n/a | 5,44 | 4,83 | 3,53 |
| Rysslandsfond | 110,55 | 168,73 | 131,25 | 95,03 |
| Småbolagsfond | 4 | 7,01 | 4,71 | 6,75 |
| Spin-Off | 2,89 | 6,2 | 6,56 | 5,07 |
| Sverigefond | 5,78 | 5,63 | 5,23 | 3,78 |
| CF Tillväxt Sverige | n/a | n/a | n/a | 7,93 |
*) Figures for 2018 and 2019 calculated in accordance with the Swedish Investment Fund Association amended guidelines for calculating the carbon footprint of funds to harmonise with TCFD.