The Week in Green

    April 26th Edition

    Thoughts On Food

    Stockholm (NordSIP) – Not often have we come across initiatives in the asset management sector that address the impact of food on climate change. At many conferences and panels, we heard about clean tech and green energy, but what about food? Recently, in Paris, we met Maria Lettini and Jo Raven from the FAIRR Initiative who do just that: provide relevant information for investors about the transition to a more sustainable food industry and much more.

    Meanwhile, in Stockholm, we caught up with Andrew Draeneen of Schroders who told us that alternative investments are still struggling with ESG. On a more positive note, we are happy to report that assets invested in impact now amount to just over half a trillion dollars (!) according to the Global Impact Investment Network (GIIN).

    In the Netherlands, the Pensioenfonds Detailhandel, one of the country’s largest pension fund, announced that it will benchmark 27.6% of its total assets to the first SDG Index, developed together with FTSE Russel and BlackRock. Also this week, Storebrand announced that it will now conquer the Dutch market with its index-based strategies Storebrand Global ESG Plus, Storebrand Global Solutions and Storebrand Global Multifactor, after a similar move on the Danish market recently. Further away, the Industrial and Commercial Bank of China (ICBC), successfully launched a US$ 2.2 billion bond to finance green projects from the Belt and Road initiative.

    Last but not least, we took some time to establish once and for all that the word “Additionality” does exist and is well defined. If you are unsure of the definition, we are here to help!

    Enjoy the sun,

    Your NordSIP team

    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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