Jäätikköä

OP-Climate B

Responsible returns

The growing concern about climate warming has an impact on investing, too. In its portfolio, OP-Climate combines environment with the sustainability of assets. It invests in industries playing a key role in combating climate change.

  • The target market includes both emerging and advanced stock markets, particularly in Europe and the US.
  • The fund invests in companies whose business benefits from combating climate change.
Subscription fee Annual management fee Redemption fee
0,00 % 1,80 % 0,75 %

Fund units generate OP bonuses.

Although climate change cannot be fully prevented, according to current knowledge it can be limited to a tolerable level. Curbing climate change requires a rapid stop to emissions growth, zero-emission energy production and increasing energy efficiency and energy saving. All this requires notable investments. OP-Climate invests globally in companies that work to combat climate change or whose business operations otherwise benefit from the fight against global warming. They may be involved for example in developing or supplying energy-saving technology, alternative energy sources, waste or water management or recycling, or possess specialist know-how in the field. The investment operations emphasise the principles of sustainable development and the environmental perspective.

OP-Climate is suitable for responsible equity investors seeking return for their money and wishing to contribute to climate change solutions at the same time. The fund is aimed at long-term equity investment. It is recommended to an investor who intends to redeem his/her units after seven years at the earliest.

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 Global Environment Net Return Index USD. 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
FI0008802434
fund serie
Income unit
Fund size
394 Meur
Serie value (27.03.)
30,14 EUR
Monthly review
Download
Key Information Document
Download
Rules
Download
Sustainability data
Download

Accumulated profit (27.03)

1mth 3mth 6mth 1 y 3 y p.a. 5 y p.a.
OP-Climate B +3,40 % +10,69 % +17,19 % +13,65 % +3,67 % +10,46 %
Benchmark +2,87 % +10,02 % +18,81 % +27,74 % +10,60 % +23,56 %

Yearly performance

2019 2020 2021 2022 2023 YTD
OP-Climate B +20,87 % +27,80 % +27,54 % −20,31 % +7,00 % +9,64 %
Benchmark +26,27 % +79,64 % +31,12 % −16,43 % +21,08 % +9,56 %

Key figures

Volatility 12 m vola 12m Sharpe 12 m Duration
OP-Climate B 12,86 % - -
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. Remember that investment always involves risks. The value of investments can rise and fall, and an investor can lose part or all of the money they invest. OP funds are managed by OP Fund Management Company Ltd, with OP cooperative bank acting as its agent. Normal transaction costs 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 special common funds.