Jäätikköä

OP-Climate

Invest in the curbing of climate change

OP-Climate invests in companies playing a key role in preventing climate change

Preventing climate change is a lucrative business to many companies. OP-Climate invests in companies whose products and services relating to climate change account for a significant part of their business. The companies selected may, for example, develop or supply energy-saving technologies, renewable energy sources or solutions for water and waste management or recycling.

The companies included in OP-Climate are in a good position and benefit from the fight against climate change, as they develop products and services for curbing climate change. These companies’ demand will grow in the future, when regulation for greenhouse gas emissions tightens and governments set carbon neutral emission goals to prevent climate change. 

Why does it pay to invest in OP-Climate?

  • This fund is suited to investors wishing to invest in companies whose products and services help prevent the progress of climate change. 
  • You will direct funding to companies that contribute to the solving of climate change-related issues. 
  • This fund is suited to investors seeking high returns, as it invests globally in both developed and emerging markets.

OP-Climate is intended for long-term investing. It is recommended to investors who intend to redeem their units after seven years at the earliest.

As our owner-customer, you can buy, sell and switch OP-Climate fund units at no charge.

Subscription fee Annual management fee Redemption fee
0,00 % 1,80 % 0,75 %

Fund units generate OP bonuses.

Read the portfolio manager's review on the fund's Finnish pages.

OP-Climate is an equity fund which invests its assets broadly in the global stock market. Investments may be made in both developed and emerging equity markets, but the investments are typically somewhat tilted towards Europe and the United States.

In the Fund’s investment activities, the principles of sustainable development are taken into account with a particular emphasis on environmental issues. The fund’s assets are primarily invested in sectors where climate change and preparation for it are expected to have the largest positive impact. The fund’s portfolio companies are typically businesswise positioned for combating global warming, and their business is related to for example energy efficiency and technology, recycling, water and waste management and related infrastructure.

The fund's investments are primarily made through direct equity investments. The fund may use derivatives instruments in its investment activities to hedge against market fluctuations, to replace direct investments and to otherwise promote efficient portfolio management.

The fund’s assets are diversified in the shares of many companies. Typically the fund invests its assets in the shares of about 50-80 companies, but this number may vary reflecting the views taken by the portfolio manager.

The Fund’s equity exposure may vary so that a minimum of 75% and a maximum of 100% of the Fund’s NAV is invested in the equity markets. Typically the equity weight ranges between 90–100 %.

The Fund's benchmark is the MSCI World Climate Paris Aligned Net. With active investing, the Fund seeks to outperform its benchmark index in the long term. The Fund mainly takes notable active risk and it may differ significantly from the composition, weights and risk level of the benchmark index.

OP-Climate is an equity fund which invests its assets broadly in the global stock market. It may invest both in developed and emerging equity markets with the typical focus on Europe and the USA.

The Fund’s goal is to make sustainable investments. The Fund mainly invests its assets in sectors which have positive impact on climate change mitigation and adaptation The Fund typically invests in companies commercially well-positioned to fight global warming and whose business has to do with, for example, energy efficiency and technology, recycling, water and waste management and the related infrastructure. Investee companies are screened using OP Asset Management’s analysis model, which is based on an external service provider’s SDG and sustainability data. Companies whose business promotes one or more UN Sustainable Development Goals (SDG) without harming other sustainable factors or goals are considered sustainable investments.

Exclusion: The Fund excludes from its active direct investments controversial weapon manufacturers, mining companies producing thermal coal, power companies using thermal coal, tobacco companies, and companies that have breached international standards and where engagement has been unsuccessful.  The list of exclusions is public. In addition to general exclusion rules, the Fund does not invest in companies whose principal business is in unconventional oil and gas extraction or other fossil fuels (50% of revenue or more).

Violations of international standards: The Fund is screened regularly for non-compliances with international standards. In the event that a non-compliance is detected, an influencing process is begun with the company in question. The aim is to make non-compliant companies change their practices and begin to comply with international standards in their operations. If influencing proves fruitless, the company may be removed from the Fund portfolio and placed on the exclusion list.

Shareholders’ meetings: The Fund votes in shareholders’ meetings through a service provider in line with OP Fund Management Company Ltd’s shareholder engagement principles that take responsibility aspects into account.

Methods for assessing good governance practices: Analysing the target company’s governance is an important part of the investment process. To us, good governance is a key foundation for any company’s financial success, regardless of sector. When assessing governance, some of the areas considered include the appropriateness of the target company’s administrative organisation, the target company’s actions in relation to its personnel, and the target company’s rewarding and taxation practices. In assessing good governance, we use an external service provider’s analysis and our own qualitative analysis if no external data is available. We screen the funds regularly to check them against the criteria of good governance. Minimum limits apply for these criteria.

More details Basic data, performance and fact figures

Basic data

Fund manager
Kristiina Vares-Wartiovaara,Jukka Ukkonen
Benchmark index
MSCI World Climate Paris Aligned Net
Start date
07.04.1997
ISIN
FI0008805254
fund serie
Accumulation unit
Fund size
421 Meur
Serie value (19.06.)
66,34 EUR
Monthly review
Download
Key Information Document
Download
Rules
Download
Sustainability data
Download

Accumulated profit (19.06)

1mth 3mth 6mth 1 y 3 y p.a. 5 y p.a.
OP-Climate A +5,13 % +7,43 % +20,25 % +16,24 % +6,01 % +12,50 %
Benchmark +3,26 % +5,59 % +14,28 % +22,03 % +10,26 % +24,67 %

Yearly performance

2019 2020 2021 2022 2023 YTD
OP-Climate A +20,85 % +28,35 % +27,51 % −20,32 % +6,96 % +18,59 %
Benchmark +26,27 % +79,64 % +31,12 % −16,43 % +21,08 % +14,06 %

Key figures

Volatility 12 m vola 12m Sharpe 12 m Duration
OP-Climate A 12,90 % - -
Benchmark index - - -

As our owner-customer, saving and investing is especially worthwhile thanks to the excellent benefits you receive.

Your benefits when investing in funds or through insurance:

  • Buy and sell almost all OP mutual funds with no fees.*
  • You earn 0.35% OP bonuses from mutual fund and insurance assets.** 
  • Begin saving through insurance free of charge. 
  • Switch between investments, invest additional funds and change your payment and investment plan for OP Unit-linked Insurance and OP Savings Agreement free of charge in our digital services.  

Your benefits in equity and ETF investing:

  • Open an equity savings account or book-entry account free of charge.
  • You get a discount on equity trading and a 1% fee ceiling when trading in Finnish listed companies through a book-entry account The discounts apply in digital services.
  • Get access to free stock picks and analysis.
  • Get a discount on the service packages for savers and investors:
    Equity savings account: 
    Saver: €0/month (normally €2.99/month)
    Investor: €9.99/month (normally €14.99/month)
    Book-entry account: 
    Saver: €0/month (normally €2.99/month)
    Investor: €0/month (normally €5.39/month)

Other benefits:

  • Only owner-customers can invest in Profit Shares.

Remember to make use of all benefits:

*Standard fees are charged for the following special common funds: OP-Public Services Real Estate, OP-Forest Owner, OP-Rental Yield, OP-Alternative Portfolio and OP-Private Equity.

**OP bonuses are automatically used to pay the bank’s service charges and insurance premiums. No OP bonuses are accrued from the R2 Crystal special common fund or institutional classes of funds. The following investment products linked to insurance assets do not accrue OP bonuses: JPM Russia A, JPM Emerging Europe Equity Fund, and BlackRock GF Emerging Europe Fund A. OP bonuses are accrued from unit-linked insurance policies, excluding Individual Unit-linked Insurance and Individual Capital Redemption Contracts.  

This is an advertisement. The funds are managed by OP Fund Management Company Ltd. The portfolio manager is the portfolio management company specified in the fund prospectus for OP funds. Investments always involve risks. The value of investments can rise and fall, and the investor may lose part of or all the invested funds. Past performance is no guarantee of potential future yield. The larger the fund’s expenses, the greater the impact on the expected return on the investment. Any yield also depends on taxation, which in turn varies depending on the investor’s personal circumstances and is subject to future changes. If the fund is marketed outside Finland, OP Fund Management Company Ltd may decide to end such marketing. The information presented on this page does not fully describe all the fund’s characteristics.

Before making an investment decision, take all the characteristics or objectives of the fund into consideration, as described in the fund prospectus for OP funds and other documents related to the fund. Only make your final investment decision after reading the fund prospectus for OP funds and the key investor information document and rules of the fund. These documents can be found on the web page of the respective fund. The fund prospectus and the summary of investors’ rights in mutual funds are available at op.fi in Finnish, Swedish and English.