Swedish partnership creates investment bond for SDG 11
The Swedish Church and three Swedish banks, Skandia, SEB, and Handelsbanken have partnered to create a bond to finance investments in support of the United Nations (UN) Sustainable Development Goals (SDGs). The four capital investors have invested SEK2.5 billion (US$280 million) in the bond, which was designed in collaboration with the World Bank. The Swedish Church will invest SEK 100 million (US$11 million).
The bond finances projects aimed at SDG 11 on Sustainable Cities as well as those in support of clean water and renewable energy. The partnership emanates from the Swedish Investors for Sustainable Development network that was created by the Swedish International Development Agency, Sida.