The Week in Green

    February 1st Edition

    Green, Green and more Green

    Stockholm (NordSIP) – Concurrently to last week’s visit of the largest green bond fund in the world in Stockholm, the local bond market saw three issues making for a strong start to 2019. According to Danske Bank, January green bond issues alone already amounted to more than a quarter of the total issued in 2018. Meanwhile, S&P and Moody‘s both published different forecasts for the green bond market this year. The former expects a rather modest growth of 8% while the latter is more optimistic and believes green issues will grow by 20% compared to 2018.

    On Thursday this week, the month ended on a high note with the issue of a green covered bond by Advance Soltech Sweden, which will help Chinese solar power plants. Also on January 31, Danske Bank invited NordSIP to an exciting round table featuring Manuel Adamini of the Climate Bond Initiative, who commented on the taxonomy featured by his organisaion. Stay posted for our summary of the event’s most salient points which we will publish next week.

    We continue to focus on climate change this week, as we catch up with Oslo-based DNB Asset Management‘s ESG team, who is increasingly focusing on climate issues due to stronger client demand. On the same theme, UBS publishes another white paper this week titled “A Climate Primer”, which considers how investors should think about emerging climate-related issues.

    Finally, NordSIP looks at an innovative portfolio management tool developed by C8 Technologies. The company will target the Nordics in 2019 and is working with ALDC Partnership to develop a series of investable indices which integrate ESG factors.

    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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