Svenska sedlar och mynt.
Foto: Sven-Erik Falk/Ikon

Economy and finance

The Church of Sweden has considerable assets and these assets provide a foundation for the work it does as well as its administration. Financial assets such as, e.g. equities and bonds provide returns. Other assets such as church and parish buildings as well as cemeteries all incur costs. All of our assets shall be managed in both a responsible and sustainable manner with regarding to both people and the environment.

Financing of the church’s activities

The work that the church conducts is primarily financed through a church fee paid by all church members. Each parish individually determines the amount of this fee. The total revenue from this fee in 2019 amounted to SEK 14.9 billion. In general, the church fee accounts for approximately 60 per cent of the church’s operational revenue.

The overall cost for the work conducted by the church came to SEK 23 billion in 2018. Most costs arise at the parish level since this is where the majority of activities are carried out. Local variations in how the church fee is put to use are great.

Asset management for the national level of the Church of Sweden

At the conclusion of 2019, equity on the national level amounted to SEK 9.6 billion, and it is this equity that provides a buffer against future needs.

Asset management is performed within a defined financial policy, which states that capital shall be managed in an ethically consistent way in accordance with the fundamental values of the Church of Sweden.

This means that in its asset management, the Church attempts to identify companies which contribute to sustainable global development and also generate a satisfactory financial return. Some companies are excluded (for example, weaponry and tobacco manufacturers), as their business concepts conflict with the values of the Church.

Special assessments are also made in respect of companies connected with alcohol, pornography, gaming and fossil energy sources. 

Download the financial policy here. 

Other assets

Apart from asset management at national level of about SEK 9,6 billion, assets are managed separately at diocese and parish level. The Church of Sweden also has non-profit-making holdings and foundations which have their own management.

Do you want to know more? Contact us!

Anders  Thorendal

Anders Thorendal

Chief Investment Officer

Gunnela Hahn

Gunnela Hahn

Finance

Head of Sustainable Investment

Holdings