ESG

Skandia invests in emerging market social bond

Skandia, the Swedish insurance giant, has invested some SEK 250 million (EUR 24 million) in the first social bond issued by International Development Association (IDA).

Lars-Göran Orrevall, chief investment officer of Skandia, noted that the company was no stranger to ethical bonds but was already in the game in 2008 as one of the anchor investors when the World Bank (IBRD) issued the first green bond. He added that it was
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