Green Bonds & Diversity

    This week, we examined a review of ESG and responsible investing by global institutional investors published by the CFA Institute, responsible investing has acted as a risk management tool rather than as a return enhancer for PRI signatories. The study argues a lot remains to be established.

    Meanwhile, AXA IM announced a policy of promoting gender diversity in the companies it owns by demanding that at least one-third of the Board of Directors be gender diverse from 2021. Also on the theme of diversity, direct indexing firm C8 Technologies has partnered with LGBTQ Loyalty to make the LGBTQ100 ESG Index tradeable for investors around the world.

    Elsewhere, BNP Paribas Asset Management launched BNP Paribas Environmental Absolute Return Thematic (EARTH), a long/short equity fund that seeks to identify opportunities among companies facing or addressing significant environmental challenges.

    Back home, the Swedish National Debt Office (Riksgälden) announced the maturity range, amount and dealers for its green bond scheduled for August. The maturity range is between seven to ten years and the bond will be issued in Swedish kronor for a total of approximately SEK 20 billion.

    We also caught up with Danske Bank‘s Lars Mac Key and reviewed the past quarter’s green bond market performance. Despite a lack of volume due to the pandemic or perhaps thanks to the lack of issues, the strong demand between March and June generated large negative new issue premiums (greenium) in May and June.

    Last but not least, if you are curious about ways to invest in China (in a green way, of course) you may be interested to join us in listening to this upcoming webinar for professional investors (Wed July 22 at 10:30 am).


    Picture by @mylove4art via Twenty20

    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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