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    Greenwashers Beware

    If you couldn’t join us, here is a chance to catch up with an insightful discussion from the live virtual round table we hosted last week!
    Together with Länsförsäkringar‘s Kristoffer Dreiman, AP7‘s Johan Florén, Walter Scott‘s Thomas Miedema and Newton‘s Andrew Parry we talked about the challenges and opportunities that can be found in transitioning companies.

    In the wake of DWS‘s ESG miscommunication allegations, we found out that the firm’s Head of ESG Investment Specialists jumped ship to join Allianz Global Investors. Following an inspiring lecture provided by NN IP on artificial intelligence, Julia Axelsson reflects on the broader implications of the DWS story for the asset management industry in this week’s Snap column. Also on the topic of greenwashing, law students in the Netherlands won a case against Royal Dutch Shell, to stop the company from allowing customers to clean their conscience at the pump.

    If you haven’t read it already, you might enjoy our review of Sasja Beslik and Karim Sayyad’s latest book ‘Where the Money Tree Grows: Invest Climate-Smart and Get Rich.’

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    In Sweden, EKN (the Swedish Export Credit Agency) and SEK (the Swedish Export Credit Corporation) announced the creation of the Scientific Climate Council, set to offer scientifically-based solutions to climate change challenges. We also noted the issue of a covered green bond by Swedish real estate company Genova.

    In Denmark, shipping giant A.P. Moller – Maersk will introduce the first in a series of 8 large ocean-going container vessels capable of being operated on carbon-neutral methanol in the first quarter of 2024.

    Elsewhere, the European Commission published a report (commissioned from BlackRock) about developing tools and mechanisms for integrating ESG Factors into the EU Banking Prudential Framework and Banks’ Business Strategies and Investment Policies.

     

    Image by Peter H from Pixabay

    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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