Työntekijä valmistaa lankaa

OP-Sustainable World

Diversify and invest in the most responsible businesses

The fund invests in responsible investment vehicles

In accordance with the principles of sustainable investment, only such businesses will be selected in OP-Sustainable World that take into account the environment, social responsibility and good governance in their operations. Harmful and controversial sectors have been excluded from the fund. These include alcohol, tobacco, gambling, weapons, adult entertainment and nuclear energy. Neither does the fund invest in businesses that have to do with, say, child labour or corruption. 

Out of the remaining sectors, only such businesses will be selected in the fund that are among the best in their sector in terms of corporate responsibility. Various metrics are used to evaluate corporate responsibility. They relate to, say, sustainable use of natural resources, decreasing waste and pollution, combatting climate change, maintaining nature’s biodiversity, as well as employee wellbeing and safety at work. 

Why does it pay to invest in OP-Sustainable World?

  • By investing in the fund, you will avoid supporting harmful and controversial sectors, and ensure that the fund has taken into account global risks concerning the environment and social responsibility.
  • The fund’s investments are diversified in both stocks and fixed-income investments, which ensures a more stable performance. Consequently, the fund is suited for moderate investors.
  • OP-Sustainable World is an easy, effortless and responsible investment vehicle.

In investment, risks and returns are linked. OP-Sustainable World takes the middle road in both. Strict compliance with ethical practices combined with thorough sustainability assessment gives investors peace of mind while portfolio management experts ensure that risks associated with the stock market remain in control.

The fund suits investors who intend to redeem their units after four years at the earliest. As our owner-customer, you can buy, sell and switch OP-Sustainable World fund units with no charges.

Subscription fee Annual management fee Redemption fee
0,00 % 1,25 % 0,50 %

Owner-customers can buy and sell fund units with no charges. Systematic investment is possible for all without subscription fees. Fund units generate OP bonuses.

Negative screening means that certain sectors and functions are excluded from the fund's investment options as described below. We update our criteria for exclusion whenever required as a result of developments in the operating environment. Positive screening means analysing companies' operating policies from the perspective of responsibility and only the top companies can be admitted to the fund.

NEGATIVE SCREENING

Products and services hazardous to health or causing addiction

The fund does not invest in products or services that are hazardous to health or cause addiction. This category includes alcohol and tobacco producers and gambling companies. The assessments are based on information available to the portfolio manager.

Social and societal topics

From the social and societal perspective too, harmful and doubtful practices, products and services count among those in which the fund does not invest. This category includes the manufacture of weapons other than sporting and hunting weapons, production of adult entertainment and activities contrary to the UN Global Compact initiative, such as child labour and corruption.

Environment

The fund does not invest in nuclear power producers either.

POSITIVE SCREENING

Of the companies in industries remaining after positive screening, only those can be admitted to the fund that rank among the best ones in their sectors in responsibility assessment. The responsibility analysis comprises three components which relate to the environment, society and corporate governance. In selecting responsible companies, we make use of data collected by MSCI as one of our sources, where corporate responsibility is assessed by means of hundreds of various metrics. The metrics pertain, for example, to employee treatment, safety at work, supply chain responsibility, greenhouse gas emissions and pollutants, use of water, carbon footprint of products, biodiversity, composition of the board of directors and corruption.

The portfolio manager's review is available on the fund's Finnish pages.

OP-Sustainable World is a balanced fund which invests its assets in global equity and bond markets. In its investments, the fund applies unusual weightings and restrictions. It does not invest in certain products, services or functions that can be considered hazardous to health or addictive. Investment in certain functions regarded as socially, societally or environmentally harmful has also been restricted. We update our criteria for exclusion whenever required as a result of developments in the operating environment.

We analyse companies' practices from the CSR perspective as well. Only companies which rank among the best ones in their sectors in terms of environmental, social and governance aspects on the whole can be admitted to the fund. 

The Fund’s investments in fixed income instruments may account for 30–70% of the Fund’s value and those in equity-linked instruments for 30–70%.In its investment operations, the Fund may use derivative instruments in order to hedge against the risk of adverse market movements, to replace direct investments and to promote otherwise effective portfolio management. Derivatives are chiefly used to manage equity and interest rate risks.

The focus is on fixed income instruments issued by public institutions and companies with a good credit rating. BBB or comparable represents the minimum rating for issuers. The Fund may also to a limited extent invest its assets in fixed income instruments issued by issuers with a lower credit rating or by non-rated issuers. The Fund makes its fixed income investments mainly in fixed income instruments issued by public sector entities and companies in the European and OECD bond markets.

The Fund’s benchmark index is a combination of several indexes. The composition of the benchmark index is described in the fund prospectus. 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.

The Fund promotes environmental and social characteristics and, to ensure it, uses environmental, social and governance (ESG) analysis and excludes certain 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, alcohol, gambling, weapons, adult entertainment or nuclear power.

Use of ESG data in the investment analysis: the Fund uses the best-in-class method based on an ESG rating by a third-party service provider. Only companies that are among the best in their sector in terms of ESG issues are selected for inclusion in the Fund. 

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.

Minimum share of sustainable investments: In accordance with the minimum amount stated below, the Fund allocates investments into companies whose business promotes one or more UN Sustainable Development Goals (SDG) without harming other sustainability factors or objectives. Sustainable investments are determined using OP Asset Management’s analysis model which is based on an external service provider’s SDG and sustainability data. 

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
Martti Saarinen, Jukka Ukkonen, Kristiina Vares-Wartiovaara, Jenni Hämäläinen
Benchmark index
Barclays Euro Aggregate: Corporate -Index 50 %, MSCI AC World Daily TR Net 50 %
Start date
20.09.2016
ISIN
FI4000210539
fund serie
Accumulation unit
Fund size
190 Meur
Serie value (19.06.)
132,30 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-Sustainable World A −1,54 % +0,74 % +3,31 % +8,12 % +2,96 % +4,06 %
Benchmark +1,52 % +3,28 % +7,78 % +14,16 % +3,83 % +5,84 %

Yearly performance

2019 2020 2021 2022 2023 YTD
OP-Sustainable World A +15,95 % −1,60 % +15,59 % −10,70 % +10,18 % +3,48 %
Benchmark +17,20 % +5,63 % +12,57 % −13,02 % +13,19 % +7,50 %

Key figures

Volatility 12 m vola 12m Sharpe 12 m Duration
OP-Sustainable World A 5,40 % - -
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.