Riksbanken, the central bank of Sweden, starts to divest bonds issued by the Canadian province of Alberta and Australian states Queensland and Western Australia due to their large climate impact.
A review of responsible and sustainable investing in the Swedish pension industry reveals only three companies with top ratings this year.
The Norwegian pension fund is completing an evaluation of Saudi Arabia in regard to responsible investing. The initial listing of Saudi oil company Aramco is expected in December and could become the biggest IPO on record.
The ability to offer an environment that allows for quick innovation appeals to a lot of people in the sustainability field, says Storebrand AM CEO.
Buildings emit more CO2 than transport. The construction sector is an obvious investment if you want return and green impact, according to Nordea Asset Management
The biggest bank in Norway, DNB, has reorganized its markets unit to respond to what it says is an eruption in demand for ethical investing.
Jonas Eliasson, CEO of AMF Fonder, predicts continued consolidation of the Swedish fund market but does not expect to take active part in it. The fund company has chosen an organic growth path. Next, is the launch of an equity fund focusing on sustainable companies in emerging markets.
The third quarter saw 93 launches of new sustainable offerings, bringing the total number of sustainable funds domiciled in Europe to 2,324.
The goal for the company's alternatives business is between EUR 2.8bn and EUR 3.7bn, says Carneo Head of Alternatives.
Danish asset manager Bankinvest is sorting through its investments with plans to abandon companies that generate more than 25 percent of their revenue fro coal mining. The company has added 96 companies to its exclusion list.
The new CIO for Keva's EUR 2.5bn real estate portfolio will oversee some 130 direct property investments.
Investor demand for European credit strategies with responsible exclusions continues to grow, says LGIM Euro Credit Portfolio Manager.
After freezing out Rio Tinto Group for more than a decade for owning a highly polluting copper mine, one of the world’s biggest sovereign wealth funds has brought the company back into the fold.
If asset managers want to remain competitive, they must improve their skills in areas related to sustainability, says the CEO of fund management company Skagen.
The emergence of too many investor alliances promoting sustainable investing could have a counterproductive effect despite their good intentions, AP7 CEO admits to AMWatch.
According to Nordea Asset Management Co-head of Responsible Investment, new EU regulations will influence Nordea's work on sustainability and responsibility in the future, writes Realtid.
It has taken Danish pension fund PFA less than a decade to grow its alternative investments by 500 percent to today's more than EUR 13.8bn, writes Danish daily Berlingske.
The Swedish Investors for Sustainable Development, which represents 18 of Sweden's largest investors, is among 30 organizations in a new UN alliance aiming to increase private sector investments for a more sustainable future. Other members include several global investment managers.
Management at the Norwegian oil fund NBIM has reservations about the responsible investment network PRI's current focus. The network's purpose is not to define how investors should advance global development and support international political commitments, says NBIM in a letter to PRI.
Two financial institutions from the Nordic countries rank in the top ten of 220 European fund houses based on their ability to embed a responsible investment profile in their brand.
At times, pension funds are more concerned with appearing green than acting it, says Paul Brüniche-Olsen, former Chief Executive Officer of Denmark's Lærernes Pension. Anders Schelde from MP Pension partly agrees with the retired CEO on several points of view but claims not to have excluded oil companies for the sole purpose of looking more green.
The Norwegian oil fund's former CEO Knut Kjaer tells investors to influence heavy carbon emitters by not purchasing their bonds, saying that would be much more efficient than not purchasing their equities.
PKA is the fifth Danish pension company to divest equities in American oil company Exxonmobil, writes Danish daily Politiken.
The biggest pension funds in Denmark have said they’ll plow over EUR 45 billion into sustainable energy within the next decade. Now, the country’s regulator says such green investments will only fly if they offer competitive returns.
While a growing pool of investors want to improve their investment portfolio's sustainability profile, insufficient data has been a historical barrier for this transformation. Consequently, it was only a natural step for Nasdaq to expand its ESG data platform.
