15 May 2019, Oslo – Summa Equity today announced their commitment to the United Nations’ SDG Impact initiative together with Business for Peace, EQT and LGT. This UNDP-led initiative aims to enable private sector investment by providing investors and businesses with the clarity, insights, and tools to support their contributions toward achieving the UN Sustainable Development Goals (SDGs). The Nordic Springboard, of the UNDP SDG Impact Initiative, will be launched at the Business for Peace Summit in Oslo today to rally top-investment firms in the Nordic region to join the initiative.
“We are proud to be part of the global SDG Impact initiative, the Nordic Springboard and challenge the whole private equity community to join and invest in line with the SDGs,” says Anna Ryott, Chair of the Board, Summa Equity and SDG Impact Steering Committee member. Ryott has joined the SDG Impact Steering Group with global leaders of development, investment and industry, who will validate and confirm the work of the SDG Impact platform, and thus, the global effort to authenticate SDG enabling investments.
The SDG Impact springboard event in Oslo will gather Nordic investor support and build momentum to an upcoming global event in Stockholm.
“Summa Equity was amongst the first private equity firms to commit to the SDGs, aligning our investment and value creation strategy with the SDG framework,” says Reynir Indahl, Managing Partner of Summa Equity. “We believe our biggest challenges are also our most attractive investment opportunities. By incorporating solutions to environmental, social and governance challenges, companies will show stronger growth and returns, while having lower risk. They are more future-proof.”
Ryott and Indahl will speak at the Nordic Springboard about why Summa Equity supports the SDG Impact initiative.
Today Summa Equity manages aggregated capital commitments of SEK 14 billion (c. EUR 1.3 billion), having closed its Fund II with SEK 6.5 billion (c. EUR 610 million) to continue to invest in global challenges. Summa Equity focuses on investments that can outperform and are driven by tailwind from megatrends such as ageing demographics, movement of people, resource scarcity, population growth, climate change and technology disruption. The portfolio has shown strong growth and value increase. Summa was also recently won the Environmental, Social and Governance (ESG) Award at the Private Equity Awards 2019 for the firm’s commitment to best practice in ESG.
Achieving the Sustainable Development Goals (SDGs) by 2030 is expected to require $5-7 trillion in total annual investment and requires a fundamental rethinking of global financial flows. Up until now there has not been a consistent approach to defining and measuring SDG-alignment, which the SDG Impact initiative is designed to meet.
SDG Impact aims to catalyze up to $1 trillion annually in private sector investment to achieve the SGDs.These efforts would contribute towards helping create some $12 trillion per year in economic opportunities and 380 million new jobs, which the Business Commission on Sustainable Development estimates would be possible from investing in the SDGs.
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