Heat, Wine & More Taxonomy

    This week, we continue to catch up on the many developments on the regulatory front. After the impressive ‘Fit for 55’ package and the proposal for a new social taxonomy, two more taxonomy proposals, ‘Significantly Harmful’ and ‘No Significant Impact’, saw the light of day.

    As the Nordics continue to enjoy the summer bliss, we reflect on the heat effects of a good glass of wine. Meanwhile, ETF providers continue to churn out sustainable investment options. We noted the introduction of a Euro Government Green Bond (DR) UCITS ETF by Lyxor and at the other end of the risk spectrum, Invesco launched a USD High Yield Corporate Bond ESG UCITS ETF and in the equities space an MSCI Emerging Markets ESG Universal Screened UCITS ETF.

    Further East, China’s finally launched its highly anticipated national carbon emission trading scheme (ETS). Just a few days old, the world’s largest carbon trading program has already attracted much scrutiny. This week, we also found out that Fiona Reynolds will join Australian financial media company Conexus Financial as its CEO in January 2022m, following her departure as CEO of the PRI.

    Featured image: 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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