The Week in Green

    January 25th Edition

    A Big Green Giant

    Stockholm (NordSIP) – In Stockholm, on Tuesday, NordSIP met with the team behind Amundi‘s EGO, the largest green bond fund in the world, which made a convincing case for additionality of green bonds in emerging markets. Also in the sustainable bond market, we note the first Blue Bond to follow the Green Bond Principles, issued by the Nordic Investment Bank (NIB), which attracted assets from SPP Storebrand.

    Yet another news about exclusions follows a series of policy updates reported since the beginning of the year, with AP1 following sister fund AP4 in excluding nuclear weapons and oil sands. Tobacco is also joining the blacklist this time. NordSIP also caught up with Nadine Viel Lamare, previously Head of Sustainable Value Creation at AP1 until November last year, who just joined the Transition Pathway Initiative (TPI) as its first Director.

    Also in Sweden, the fund trading site Fondmarknaden, operated by MFEX subsidiary Fondab, has announced that it would provide Morningstar-supported filters to enable more sustainable choices for retail investors.

    In echoes from the World Economic Forum, we hear that UBS will be offering product-focused investment solutions to investors who wish to tailor their financing to address only a part of global issues managers sometimes try to target. In the same context, UBS publishes a white paper asking how to simplify sustainable investing.

    In Europe, Insurers have been called upon to provide evidence on the potential impact of Solvency II on their sustainability assessments. Meanwhile, NordSIP takes a closer look at Larry Fink‘s letter to CEOs (the real one this time!) and reports, without surprise, that it falls short of activists’ expectations.

    Picture © Shutterstock

    Aline Reichenberg Gustafsson, CFA
    Aline Reichenberg Gustafsson, CFA
    Aline Reichenberg Gustafsson, CFA is Editor-in-Chief for NordSIP and Managing Director for Big Green Tree Media. She has 18 years of experience in the asset management industry in Stockholm, London and Geneva, including as a long/short equity hedge fund portfolio manager, and buy-side analyst, but also as CFO and COO in several asset management firms. Aline holds an MBA from Harvard Business School and a License in Economic Sciences from the University of Geneva.

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