Person

Jakob König

9 Oct

SEB and Nordea Lent SEK 14 Billion to Companies Operating in the Arctic, Report Says

In the past two years, the major Swedish banks SEB and Nordea have lent 14 billion kronor (about $1.3 billion) to fossil fuel companies operating in the Arctic, according to a report from Fair Finance Guide. Many Swedish bank customers will be outraged. “It is actually their money that is being used for these loans, among other things,” says Jakob König of the organization. The banks dispute the report’s findings.

Sweden

27 Jan

Customer protests prompted Swedish banks to abandon animal factories

Several Swedish banks have sharply reduced their investments in global meat companies after protests from customers. But almost a billion kronor of Swedish savings is still invested in companies with poor animal husbandry, according to a new review.

Sweden

17 Nov

Green funds invest in blacklisted mines

Swedish funds and banks are investing in blacklisted mining projects through green funds, a new report shows. I can understand that savers feel frustrated that it is difficult to make a green fund choice, says Jakob König at Fair Finance Guide, who conducted the survey together with the Swedish Society for Nature Conservation.

Sweden

12 Sept

Swedish fund giants invest billions in oil

Nordea and the state-owned Seventh AP Fund are the ones that have invested the most of the fund savers' money in the fossil industry. "Incredibly irresponsible", says Jakob König at Sweden's Consumers, who are behind the study. Nordea is fighting back. The definition of fossil companies is very misleading.

Business

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