A report published by Fair Finance Guide Sweden in February 2020 analysed Sweden's largest banks' policies concerning controversial arms trade. It found that Handelsbanken, in 2018, decided to phase out all investments in arms from its actively and passively managed investment funds as well as multi-asset funds (which also implies the same phasing out of investment in arms in externally managed funds). This is because of the sector's negative impact on the sustainable development goals. The readjustment is said to be completed during 2019.