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    AFII Newcomer to Tackle Engagement and Biodiversity

    Stockholm (NordSIP) – Stéphanie Mielnik (Pictured)has joined the Anthropocene Fixed Income Institute (AFII) team as Senior Researcher, where she will work with engagement with interested parties in aligning their portfolios with AFII strategies and concepts and developing a biodiversity work stream.

    Most recently, Mielnik worked as Strategic Product Manager Northern Trust Asset Management. Prior to that she worked as a Senior Multi-Asset Structurer at TFS Structure products and for almost 8 years at Natixis as a Quant Analyst and in Equity Structuring. She brings expertise in portfolio construction and C#/French-speaking capacity to the AFII.

    This is the most recent hiring announcement from the AFII, which has been building steam since October 2020, when Svante Horn joined CEO Ulf Erlandsson as COO. Most recently, we spoke to Justine Leigh-Bell on the occasion of her appointment as AFII Executive Director, responsible for leading the business development and execution of AFII’s activities on rapidly shifting fixed income markets towards climate-positive impact.

    On the Right Side of History

    For Mielnik joining the AFII is about doing the right things and helping markets make a positive impact in the world. “Throughout the course of my career, I came to realize that there is more to finance than generating returns and that as investment professionals, the way we carry out our jobs does have an impact on society and more broadly on our planet. I believe that bankers have the choice to be on the right side of history and I want to use my markets and investment expertise to make an impact in the financial industry,” Mielnik tells NordSIP.

    “I find AFII’s approach to shifting future climate capital powerful as we are taking a market-based approach, working closely with market participants to deliver positive climate impact in actual trades,” she adds.

    Tackling Biodiversity Loss

    “One of my main projects at the AFII will be to include biodiversity considerations in our workstream, which is an exciting topic as I believe that investors ought to have a holistic approach to human-induced impacts,” Mielnik explains. “Biodiversity loss is increasing globally at rates unprecedented in human history and must be tackled together with climate change. Although there are a number of initiatives that have been launched to build biodiversity frameworks for investors, the lack of data and multi-dimensional aspect make it complicated for investors to make actual investment decisions based on biodiversity considerations,” Mielnik continues.

    “Through research, education and advocacy, I hope that we can build a framework to engage with investors on their investment decisions and point out individual bonds that we see as most detrimental to biodiversity,” Mielnik says.

    Critical Issues

    “ESG Data coverage and quality in the Fixed Income market have historically been lagging behind Equities and although we have seen significant improvement over the past couple of years, there still is a lot do on that front for investors to fully understand the sustainability risks and opportunities of their Fixed Income investments,” Mielnik adds.

    “I also find that a high number of sustainable fixed income strategies have been launched with a model copied from equity strategies, which does not take into account the specifics of fixed income instruments. There is an opportunity for investors to re-think their approach with models that, for example, take into account companies capital structure or bonds duration,” Mielnik concludes.

     

    Image courtesy of AFII
    Filipe Albuquerque
    Filipe is an economist with 8 years of experience in macroeconomic and financial analysis for the Economist Intelligence Unit, the UN World Institute for Development Economic Research, the Stockholm School of Economics and the School of Oriental and African Studies. Filipe holds a MSc in European Political Economy from the LSE and a MSc in Economics from the University of London, where he currently is a PhD candidate.

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