The Week in Green

    May 17th Edition

    Events and Big Decisions

    Stockhom (NordSIP) – In a week packed full of sustainability events in Stockholm, we attended the event proposed by the Stockholm Sustainable Finance Centre (SSFC) to find out if Finance is driving Sustainability. Within an agenda packed with sustainabiltiy celebrities, we brought back some key insights.

    Meanwhile, we caught up with Kristofer Dreiman, Head of Responsible Investment at Länsförsäkringar who told us why his firm divested from tobacco and Vale SA, what the consequences are on the selection process for external management, and where the axe may be falling next.

    At a recent meeting with Social Security Minister Annika Strandhäll, Britta Burreau , CEO of KPA Pension raised the issue of the gender pension gap in the context of a discussion of how we can create a better future with good pensions and a more equal society. Also in Sweden, real estate company Hemfosa AB joined the ranks of green bond issuers.

    In Norway, at the Nordic Springboard launch in Oslo in connection with the Business for Peace Summit, Swedish private equity manager EQT announced its involvement in the Sustainable Development Goals Impact initiative.

    Franklin Templeton announced the launch of Europe’s first actively-managed Euro Green bond ETF. The new fund, Franklin Liberty Euro Green Bond UCITS ETF2, will be listed on Deutsche Börse, the LSE, Borsa Italiana and the SIX Swiss Exchange.

    Last but not least, the UNEP FI and twenty institutional investors, including Nordic institutions DNB Asset Management, KLP Kapitalförvaltning, Nordea Asset Management and Storebrand Asset Management, launched new guidance to implement TCFD Recommendations. Inaction, they state, may cost as much as $1.2 trillion. If you haven’t implemented these recommendations yet, you may take a first step and clean up after your fly. Here is how!

    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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