Swedfund's mission
Our mission is to finance and develop sustainable companies in order to create jobs and improve access to socially important products and services. A well-developed private sector with jobs offering decent working conditions leads to stable communities and reduces poverty. Swedfund is a state-owned company which is managed by the Swedish Ministry of Finance. Its operations are financed by reflows from the portfolio and through capital injections from the development cooperation budget, for which the Swedish Ministry for Foreign Affairs is responsible.
Swedfund was established in 1979 and has ever since invested in businesses, financial institutions and funds in countries in Africa, Asia, Latin America, the Middle East and Eastern Europe. There are similar development finance institutions in fourteen other European countries. They are all part of the European Development Finance Institutions (EDFI) collaborative organisation. At the end of 2022, Swedfund had 64 investments in companies, financial institutions and funds, with 65 percent of the portfolio being located in sub-Saharan Africa.
We are reducing poverty through sustainable investment
Swedfund is Sweden’s development finance institution and aims to contribute to poverty reduction through sustainable investments in the world’s poorest countries. We play a vital role in both development cooperation and the implementation of Agenda 2030.
Our mission objectives
Proportion of investments in line with 2X Challenge
57%
Portfolio emissions per invested Swedish krona, tCO2e/MSEK
28.9
Operating profit, MSEK
151
Proportion of mobilised capital
20%
Proportion of investments that increas both sales and profitability
63%
Proportion of portfolio companies in the active value creation phase which fulfil the ILO’s Fundamental Conventions
100%
