What’s Cooking in ESG Integration?

    Reports abound this week on the state of ESG integration. Sweden’s Sustainable Investment Forum (Swesif) together with Mistra Center for Sustainable Markets (Misum) have just published a study based on interviews of 30 market participants, including buy-side and sell-side analysts as well as company IRs. Spoiler alert: they need to communicate better! Also in based in Stockholm, the Global Child Forum has issued its annual benchmark study on companies and children rights. Companies need to urgently address the implications of their climate actions on children, they warn.

    Still in Sweden, Söderberg & Partners ranked pension funds according to their sustainability and downgraded one of the largest, Alecta, based on a lack of engagement with their portfolio companies.

    According to a survey of global real asset investors by Macquarie Asset Management, most investors are still struggling to provide in-depth integration of climate risks into their investment portfolios. And another survey of wealth managers’ practices and expectations conducted by Refinitiv suggests they still have a long road ahead before they can tackle the challenges ahead.

    The EU front, the European Commission sent a letter to the European Parliament and the EU Council, announcing that the second part of the SFDR will likely be delayed by another six months and adopted from January 1, 2023.

    On the sustainability bond market, cash handling company Loomis AB issued SEK1.2 billion in Sustainability-Linked Bonds (SLBs) at the end of November, to help fund its efforts to decrease its CO2 emissions footprint. And at the same time, on the index front, S&P Dow Jones Indices (S&P DJI) launched the S&P Net Zero 2050 Climate Transition Select Index Series and S&P Net Zero 2050 Paris-Aligned Select Index Series.

    Meanwhile, as the weather gets cooler, snow falls and energy prices are rising out here in the North, green steel is moving South, our Snap column celebrates

    Image courtesy of Pexel on Pixabay
    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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