The amount invested must go from billions to trillions and development finance institutions have a key role, since we are experts in assessing and reducing risk and because of our ability to attract capital from other private investors. This catalytic ability means that we act as accelerators for increased financing. Economic growth gathers speed when decent work are created on a broad front, 9 out of 10 jobs in developing countries are in the private sector, out of which 80 % in SMEs. This means that we as a development finance institution can accelerate progress towards the global goals in several ways:
• By being active in those countries which have least access to capital.
• By investing in sectors, projects and market segments that do not easily get access to other private capital.
• By remaining active during periods of instability and recession, when other financiers withdraw.
• By being providers of finance who take a long-term view and have real staying power.
• By providing know-how and developing companies in all the dimensions of sustainability.
How does Swedfund contribute?
Agenda 2030 forms the framework and the starting point for our primary mission, which is poverty reduction (SDG 1). Our starting point is to create conditions for inclusive growth and our tool is sustainable companies.
To succeed, we have integrated sustainability in everything we do; We invest in the sectors deemed best able to achieve development, the aspects of sustainability is integrated in our investment process and we conduct ongoing follow-up of all development effects in relation to global goals and our strategic sustainability goals.
The dimensions of sustainability that are central for us is:
The goals Swedfund and our portfolio companies primarily relate to:
SDG 1 - No poverty. End poverty in all its forms everywhere
SDG 5 - Gender Equality. Achieve gender equality and empower all women and girls
SDG 7 - Affordable & Clean Energy. Ensure access to affordable, reliable, sustainable and modern energy for all
SGD 8 - Decent Work & Economic Growth. Ensure access to affordable, reliable, sustainable and modern energy for all
SDG 12 - Responsible Consumption & Production. Ensure sustainable consumption and production patterns
SDG 13 - Climate Action. Take urgent action to combat climate change and its impacts
SDG 16 - Peace, Justice and Strong Institutions. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
SDG 17 - Partnerships for the Goals. Strengthen the means of implementation and revitalize the global partnership for sustainable development