Spring Rain & People Moves

on

On this raining (and oh so cold) early May week, we caught up, by virtue of virtual means obviously, with no less than four movers in the sustainable asset management space. In Oslo, Isabelle Julliard Thompsen, previously at Gjensidigestiftelsen joined DNB Asset Management and Balder Vestad, currently Head of Nordics for responsibility has joined the advisory board of ClimatePoint, a provider of climate compensation. In Stockholm, Henrika Skott, previously at Brummer & Partners, joined Fidelity International‘s local team and in London, Northern Trust Asset Management recruited a new Global Head of Sustainable Investing, Julie Moret previously in a similar position at Franklin Templeton.

As a scientist, Swedish economist Kjell Nordström was fascinated to be able to stand back and observe what he called “an enormous acid test, a quasi-experiment”, involving seven billion non-voluntary participants, at a webinar organised by the Nordic Business Forum. Also in Sweden, Skandia funded half of a bond issue by the City of Gothenburg at the end of April, which supports the UN’s global development goal number 15 – ecosystems and biodiversity.

- Promotion -

On Wednesday this week, Germany announced a new goal to achieve a 65% reduction in CO2 emissions by 2030, followed by a 88% reduction by 2040. Elsewhere, a new study by Scientific Beta which analyses equity strategies that exploit information in ESG ratings contradicts several papers that suggest that ESG strategies are able to outperform the market. The IFRS Foundation published proposed amendments to its Constitution to facilitate the creation of a new International Sustainability Standards Board (ISSB) at the end of April.

Meanwhile, our very own Julia Axelsson binged on ESG and SRI certificates during the long weekend. Food for thought.

 

Picture credit:  Aaron Burden on Unsplash

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The coronavirus epidemic has further accelerated the rise of ESG into the investment mainstream. As deficits skyrocket, bond investors have an opportunity to engage with governments on climate change, argues Thomas Dillon, Senior Macro ESG Analyst at Aviva Investors.

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