The Week in Green

    The Hangover

    Stockholm (NordSIP) – Following last week’s March 8 celebration, we continue with some less uplifting gender-related news. Our eyes popped out when looking at some of the gender pay gap figures just published in the UK. While most firms have been compelled to react by those appalling numbers, Investment Week analysed the statistics for several asset managers and showed how the pay gap at L&G Investment Management worsened. We took a closer look.

    Meanwhile, in Sweden, Nordea jumped on the occasion to launch a gender diversity fund and announce an SDG-themed fund at the same time. Another recent launch, the Handelsbanken Sustainable Bond Fund (Hållbar Global Obligation), is coincidentally managed by a woman. NordSIP spoke to fund manager Karin Göransson and Head of Responsible Investment Karin Askelöf about the idea behind the fund and its goals. Again, sustainable investing seems to attract women more than other parts of the financial industry. Last week, we told you why.

    In the Green Bond sphere, we noticed a new green bond issued by Danske Bank, which should be followed shortly by another green bond by Kommuninvest. We looked at the issuer’s last transaction and at who invested.

    Templeton Global Macro recently published its Global Macro Shifts report that points out that Argentina, Brazil and Indonesia’s ESG scores are expected to increase while Italy, Turkey and South Africa’s figures will likely deteriorate, making for less attractive investments.

    Last but not least, Norway formally recommended its SWF to exclude oil exploration and production companies from its portfolio to improve diversification, as the country still heavily relies on fossil fuel-derived revenues.

    Stay posted for next week’s letter, where we will dive into more details about the Sustainable Investment Forum Europe we attended last Tuesday.

    Until then, we wish you another gender-equal weekend,

    Your NordSIP team


    Image © 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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