The Week in Green

    February 22nd Edition

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    Stockholm (NordSIP) – As the sun came out and dried the last few patches of snow, we talked about green leaves with CDP‘s Torun Reinhammar and Nico Fettes, who heads the CDP’s climate-rating project Climetrics, who have developed a three-pillar approach to evaluating the climate-friendliness of close to 5,000 funds. Elsewhere, we found that IHS Markit launched a new ESG data collection and reporting solution targeting private equity and venture capital firms.

    Meanwhile, the Brazilian disaster related to mining company Vale caused the AP funds’ Council on Ethics to recommend the exclusion of the stock from the pensions’ portfolios, which may affect AP1 the most. This week, the Transition Pathway Initiative (TPI) published its findings on the aluminium industry, which shows that the sector is relatively better at managing greenhouse gas emissions than other carbon-intensive manufacturing sectors such as cement, paper and steel.

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    A study by researchers from Karlsruhe Institute of Technology and the University of Edinburgh published in the magazine Nature blames deforestation among other factors and concludes that we are unlikely to meet the targets set in the Paris Agreement. On the positive side, the International Development Association (IDA) announced the launch of a new Bills Program to expand impact investment opportunities for short-term investors.

    Not all hope is lost.

    Have a sunny weekend,

    Your NordSIP team

    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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