The Week in Green

    March 29th Edition

    Words of Wisdom

    Stockholm (NordSIP) – From Copenhagen, this week, we report on an inspiring presentation by legendary investor Jeremy Grantham of GMO, who famously foretold the previous financial crisis. This time, however, it is the crisis facing the planet that bothers him. Despair not, for Grantham talks not only about doom and gloom but about investment opportunities.

    Words matter. Professor Didier Cossin of Lausanne-based business school IMD found out how much, when researching the use of 5,000 words in the annual report of S&P 500 companies. He devised a system that forms the base of the investment strategy of the Good Governance Fund, according to Founder Pascal Botteron, the only ‘G’ pure-play yet.

    Moving on to a more traditional house, we caught up with T. Rowe Price‘s Director of Research, Sustainable Investing, Maria Drew. She explained how she drives ESG integration into the independent research process that lies as the foundation of the firm’s investment philosophy.

    In the aftermath of the Vale tragedy, the International Council on Mining and Metals (ICMM), the United Nations Environment Program (UNEP) and the PRI have announced that they would conduct an independent review to establish an international standard for tailings storage facilities. John Howchin of the AP fund’s Council on Ethics and Adam Mathews of the Church of England, will participate on behalf of the PRI.

    We took a closer look at a research report published by Swedbank on the role of Central Banks in the context of climate change. Most of the major central banks around the world joined the Network for Greening the Financial System, where they discuss the potential consequences of climate risk on the economy and how they should act to prevent them.

    Ending on a positive note, the first quarter Green Bond issuance in Swedish Crown reached SEK 41.6 billion, exceeding half of the total issuance for 2018. The most significant contributions cam from two SEK 6 billion issues, one by SBAB and the other by Stora Enso.

    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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