We didn’t have to wait long for the results of the competition proposed by Länsförsäkringar to reward the most sustainable actions of the funds they offer to their customers. One winner received a prize in each of two categories. Find out who!
Meanwhile, Nordic institutions asset owners are taking measures to support the local economies to survive the pandemic. The Swedish pension AMF announced it would invest SEK5 billion in Swedish companies to support them through the financial turbulence. In Finland, Varma decided not to collect rent from its café and restaurant tenants in May and June.
In Denmark, fortunately, COVID19 hasn’t stopped an important investment to fuel the US green transition by pensions PKA and PenSam. Yet another interesting financial product also saw the light this week to help channel capital to the relevant efforts to fight the effects of the pandemic. The BlackRock Global Impact Fund, a new active equity impact strategy targets companies helping to address significant world challenges, guided by the UN SDGs.
Meanwhile, in Japan, financial institutions are also becoming greener. Mizuho Financial Group will no longer conduct new investments in and loans to construction projects for coal-fired power plants with high emissions of carbon dioxide. In an interesting editorial contribution from Finland by Hannes Hellenius (FA Solutions), we find out how fintech is democratising the wealth management industry.
Last but definitely not least, we are dedicating a special feature to women and mentorship. After searching for stories about women and their mentors for more than a month, we gave up… but we ended up with amazing insights! A great read about inspiration and friendship.
Picture @mshahawy via Twenty20