The Week in Green

    May 31st Edition

    Bottom Up ESG & Spreading Standards

    Stockholm (NordSIP) – While Stockholm is enjoying two successive short weeks, NordSIP has been busy bringing you more insights into the ever evolving practice of ESG integration. We are happy to share our latest Round Table report on Bottom Up ESG integration, with insights from UBS‘s Martijn Oosterwoud, T. Rowe Price‘s Maria Drew and Lombard Odier‘s Robert De Guigné. On the investors side, we were happy to welcome Claes Ahrel of the Telia Pension fund, Nadine Viel Lamare who is consulting independently since leaving AP1 last autumn and Jonas Andersson, CIO at family office Navare Invest.

    One of the issues often cited by ESG investors is the lack of data availability and uniformity. The Sustainability Accounting Standards Board (SASB) is working on spreading its practice over the globe, and showing investors how their standards can be relevant accross industries, regardless of geography. We caught up with Jeff Cohen during a recent visit to Stockholm.

    Meanwhile, we looked into proxy voting specialist ISS‘s new report and noticed that controversies were up 40% in 2018. On the other hand, ISS also reported that more it assessed more companies as “good” or “excellent” than the previous year. Elsewhere, the European Securities and Markets Authority (ESMA) announced the creation of a Coordination Network on Sustainability, which will be responsible for the development of policy in the area of sustainable investing.

    “Integrating ESG into financial analysis can generate alpha and better risk-adjusted returns,” said Jessica Ground, Head of Sustainability at Schroders to NordSIP on the margins of a recent event in London. She also explains how impact investing is gathering momentum, and how the SDGs fit into the investment context. Back in Stockholm, NordSIP also talked to Alban de Fay, Head of Amundi’s Fixed income SRI and Green Bond strategies. In the fixed income space, we took a closer look at Starbucks‘s sustainability bond, a US $1 billion issue to support farmers, greener retail stores, and sustainable industry practices.

    Enjoy the long weekend, and if you happen to like our newsletter, why not take a second and share it with someone you think may be interested?

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    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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