Impact Mandates & Irresponsible Banks

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This week, we caught up with Karoline Nakken, Senior Investment Analyst at Oslo-based Gjensidige Pensjonsforsikring. In an interview rich in details, Nakken explained how the selection process for a listed impact strategy, initiated anonymously through Global Fund Search, led her to choose NN Investment Partners‘ Global Impact Equity strategy. Elsewhere, Sonanz founders Andreas Nilsson and Nina Freudenberg were hired by Golding Capital Partners with the aim to launch the firm’s first private equity impact fund of fund later this year.

Taking stock of the SFDR classifications in Sweden, roughly 2 months after the first deadline, the Swedish Investment Funds Association (Fondbolagens förening) published a summary of how Sweden-registered funds have been classified. Meanwhile, fund selection and reporting platform Fundrella announced the first outcome of their newly launched ESG Alignment Matrix, a tool aimed at visualising the match between Nordic institutional investors’ preferences and the ESG features offered by fund companies. Handelsbanken’s fund offering is the one leading the Nordic league.

- Promotion -

Also in Sweden, Ulf Erlandsson of the Anthropocene Fixed Income Institute brought attention to the irresponsible behaviour of Citi Group and the National Bank of Australia (and, by association, the hypocrisy of their respective investors) for these bank’s role in facilitating the coal mining and exports from Newcastle in New South Wales, Australia.

According to new research by George Serafeim and Aaron Yoon published by the Harvard Business School, investors can distinguish between news that are likely and those that are unlikely to affect a company’s fundamentals. The authors find that investment decisions are motivated by financial rather than nonpecuniary incentives.

Image by S K from Pixabay / envato / NordSIP

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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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