The Week in Green

    April 5th Edition

    The Tipping… Point of Impact

    Stockholm (NordSIP) – Back from The Hague, where NordSIP had a chance to take part in the inspiring Impact Summit Europe organised by Phenix Capital, we take a closer look at fiduciary duty. Redefining the concept may have far-reaching implication for the financial industry, but also for the planet. We also dug into Phenix Capital‘s report ‘Impact Investing Asset Owner Trend Report‘, that we picked up, hot off the press, at the conference. The statistics seem to confirm that the notion of fiduciary duty is definitely adapting to emergence of global challenges.

    One of the classic and often overlooked ways to address climate change is to capture carbon by planting trees. We followed up on an earlier interview of Kari Kangas, manager of Finnish manager United Bankers’ Timberland Fund, to understand exactly why investing in forestry is a sustainable choice. Further south, Spanish state-owned investment bank ICO issued its first green bond. The funds will finance projects from Spanish companies that contribute to environmental protection and to fight climate change. Still in the green finance space, we found out that green-bond issuer Kommuninvest has improved its ESG rating.

    Meanwhile, moving from climate change to gender equality, Mirova takes advantage of superior women’s leadership in a new fund. Women, it seems, are also supporting sustainable investing more than their male counterparts, a study from the Swedish Fund Management Association’s (Fondbolagen) shows.

    Now enjoy the return of the light, but don’t forget the house in on fire!

    Happy 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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