On Track for… 3.6°C?

    In the aftermath of last week’s exuberant displays of commitments (if you missed it, catch up on Biden’s summit), we demand more! “Demand the impossible,” suggests our weekly Snap. Meanwhile, Schroders‘s Climate Dashboard shows that we are on track for a 3.6°C global climate scenario. Good news!? Apparently, we’re doing slightly better than previously measured.

    On the news front, new sustainable product launches abound. The time had come for Nordea to start a green bond fund. In Finland, we found that Ilmarinen seeded the new AXA WF US High Yield Low Carbon Bonds Fund. Meanwhile, the Chicago Mercantile Exchange will soon launch the E-mini S&P Europe 350 ESG Index futures. Meanwhile, S&P Global launched Sustainable1, a new single source of integrated sustainably intelligence.

    This week, we also caught up with Kristina Najjar Wahlgren who recently joined BNY Mellon in Stockholm after a career break to pursue a master’s degree in Humanitarian Action and Conflict at Uppsala University. Meanwhile, Invesco expanded its Nordic team with two new members with a keen interest in helping the firm develop its ESG offering in the Nordics.

    Elsewhere, the University of Cambridge Institute for Sustainability Leadership (CISL) announced a new partnership with luxury brand Chanel to provide tailored sustainability education programmes, innovative operational projects, and scholarships focused on driving greater inclusion.


    Picture credit: Envato / NordSIP

    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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