This week, we caught up with Roger Josefsson who recently (re-)joined Danske Bank as new Sustainability Chief for Sweden. “I could not resist marring my long-held interest [in sustainabiliy] with the experience of economic policy and financial markets that I have accumulated over the years,” he told us.
Also this week, Swedish independent boutique Lundmark & Co, converted its European equity fund (Aktiv Europa) into a global environmental fund (Lundmark Climate Impact Fund), which will be able to hedge itself with futures in case of stock market downturns, according to the CEO. “That makes the fund unique among other green funds,” he says. Meanwhile, Erik Penser Bank launched Penser Sustainable Impact, a new fund combining sustainability analysis with a quantitative investment methodology.
Fidelity International also launched three new ESG ETFs. “These new ETFs provide an enhanced beta exposure by leveraging both our proprietary ESG ratings and our fundamental research insights to select and weight securities, whilst seeking to capture the characteristics of the broader market,” said Fidelity’s Head of ETFs, Nick King.
Meanwhile, J.P. Morgan Asset Management expands its sustainable investment team with the appointment of two strategists, and two analysts. This decision follows JPMAM’s announcement in March that it would be integrating ESG into all its strategies and expanding its sustainable financing by US$200 billion.
In Norway, SpareBank1 Boligkreditt issued its inaugural SEK7.5 billion Green Covered bond. The debt will fund new and existing mortgages for energy-efficient residential buildings in Norway.