Stockholm (NordSIP) – Today, like every year around this time, the CFA Society Sweden attributes the CFA Sweden ESG Award to reward an individual, organization or group that has raised awareness of the importance of ESG considerations in the investment process. Tonight, the Society will present the award to Norrsken Foundation at its Annual Forecast Dinner.
“This year’s award will be given to an organization which leads the way and thinks big,” says Henrik Malmsten, Chairman of the CFA Society Sweden’s ESG Committee in a press release. “Norrsken’s investments show how businesses can combine financial returns with positive impacts on society within wide areas such as for instance: food waste, the sharing economy, education, e-health, and sustainable agriculture.”
Niklas Adalberth, co-founder of the Swedish payment company Klarna, started Norrsken in 2016. Since then, he has left his position at Klarna to dedicate his time entirely to his new project. At Norrsken, he has created a portfolio consisting of start-up companies with three investment criteria, including expected impact, scalability and financial robustness of the busines model.
A beautiful space in central Stockholm, ”Norrsken House”, which is also run by the foundation, serves as a co-working space and creative cluster for over 350 entrepreneurs who want to improve the world by solving society’s biggest challenges.
The Norrsken Foundation is the ninth recipient of the CFA Sweden ESG Award. Previous organisations and group of individuals included the Corporate Human Rights Benchmark, Örebro Kommun and Region Västmanland, Steven Smit of Morningstar, AP4’s previous CEO Mats Andersson, Storebrand Asset Management’s Liza Jonson and the Swedish Church’s Gunnela Hahn, among others.
Picture courtesy of Norrsken House