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ICMIF member and 5-5-5 supporter The Folksam Group invests USD 350 million in World Bank bonds

Swedish member of the International Cooperative and Mutual Insurance Federation (ICMIF), The Folksam Group, has acquired bonds issued by the World Bank (IBRD) in a private placement to a value of USD 350 million. Through this investment The Folksam Group aims to highlight the United Nations’ 17 Sustainable Development Goals (SDGs) with particular emphasis on four of them.

“Working for a sustainable world is at the core of The Folksam Group’s values. The 17 SDGs constitute a solid foundation for achieving sustainable development within business and society. While we support all 17 SDGs, through engagement with our clients, we have chosen to focus on four specific SDGs within our sustainability strategy. These are good health and well-being, gender equality, responsible consumption and production and climate action,” says Jens Henriksson, CEO of The Folksam Group (pictured above at the ICMIF Biennial Conference in 2017).

The investment of USD 350 million corresponds to almost SEK 2,8 billion and is the third investment of this size made by The Folksam Group with the World Bank Group as issuer.

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Folksam is providing to financial support to ICMIF’s 5-5-5 Mutual Microinsurance Strategy in the Philippines with local ICMIF member RIMANSI.