Danish pension funds and utility ally with Nykredit to finance energy isle
The Vindø consortium joins up with Nykredit to find financing solutions for an energy island in the North Sea.
AMWatch
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The Vindø consortium joins up with Nykredit to find financing solutions for an energy island in the North Sea.
Denmark's Sparindex has placed high demands on the passive funds focusing on climate and sustainability which the asset manager ins now launching in collaboration with MSCI. There may be talk of ecolabeling the funds.
Nordea Asset Management has landed a USD 240m (EUR196m) sustainable mandate with Finland's largest earnings-related pension fund.
Storebrand Asset Management has found a new replacement for its head of sustainable investments, who left Norway’s largest asset manager last year to pursue new challenges.
After a blockbuster start to the year for euro-area bond sales, a barrage of debt from the European Union risks cannibalizing future demand for its member countries. There’s some speculation EU bonds could one day rival German bunds or U.S. Treasuries.
Fidelity Investments and Capital Group ranked the worst of the world’s 10 biggest asset managers last year on pushing high-carbon emitters to curb their role in global warming, according to a report.
Sweden's East Capital co-invests in a London-based impact investment firm alongside the co-founder of one of the world's major asset management firms.
ATP's new CIO, Mikkel Svenstrup, is satisfied with the outcome of 2020. In the new year, Denmark's state-owned labor market pension fund will keep tightening its ESG focus. Increased investments in green bonds and local companies are also on the agenda for 2021.
An investor group wants HSBC to stop all lending to coal-fired energy and focus more on climate change mitigation.
Heaps of money managers which have attracted huge sums for their sustainable funds in recent years might eventually have some explaining to to their clients and supervisory authorities.
Swedbank Robur, which aims to align with the Paris Agreement and turn its investments carbon neutral early on, has revamped its responsible investment policy.
The biggest issuer of green bonds in Sweden is now moving into social debt, a shift that may give the securities a stronger Nordic foothold.
The offshore wind market is growing at an explosive rate, but so is the competition. With an opportunistic approach, Copenhagen Infrastructure Partners attempts to secure high returns among fewer players.
Storebrand Asset Management has set up its new sustainable Nordic real estate fund. "When we have full subscription of this fund, we will create next one," Truls Nergaard, Head of Nordic Real Estate, says in an interview with AMWatch.
Poland, where 70 percent of electricity is reportedly generated in coal or lignite power plants, offers an attractive opportunity for renewable energy investments. Southeast Europe also has plenty of untapped potential, says Taaleri Energia's head of Investor Relations.
The Norwegian sovereign wealth fund plans to directly invest around NOK 100 billion in renewable energy such as solar and wind power. The first investment will likely come in 2021, says CEO Nicolai Tangen.
In a year when the pandemic sent the world into a tailspin, there was a silver lining for the world of ESG investing.
Green bonds, or fixed-income securities earmarked for climate-friendly investments, have grown into a major market in a handful of years. Maj Invest and Danske Bank are confident the expansion will continue.
Norwegian asset manager KLP Kapitalforvaltning attracted a record net inflow from retail clients in 2020: "Low costs, Nordic Swan Ecolabel funds and a greater interest in investments from the Norwegians are the reasons behind the massive inflow," head of funds in KLP Kapitalforvaltning, Ann-Elisabeth Tunli Moe, tells AMWatch.
But they still risk falling deep. An excess of sustainability-earmarked capital is chasing too few green investment targets. This can potentially create some spectacular ups and downs in future stock markets.
Several items of incoming EU legislation will make mutual funds greener, and while outcome uncertainty is enormous, this will nonetheless fundamentally alter the sector, says Bankinvest CEO Lars Bo Bertram.
Sustainable mutual funds might see even more inflow in 2021. Green investments, in particular, have become a global megatrend.
For the past few years, Ilmarinen has been swapping its passive equity investments for ESG indexes. CIO Mikko Mursula tells AMWatch that the Finnish pensions giant has thus been able to gain exposure to ESG ETFs in Europe and the USA and to make the contents of its portfolio increasingly sustainable.
AP2 CEO Eva Halvarsson, dedicated to sustainable investment development, has entered her second term as a PRI board member. Beyond the international PRI seat, Halvarsson is also a very active board member in Sweden. She tells AMWatch about her early board career, sending three pieces of advice to aspiring board members.
Denmark's P+ has kept an equity overweight since March and plans to maintain it going into 2021, new CIO Kåre Hahn Michelsen tells AMWatch in an interview. In 2021, P+ also intends to increase unlisted holdings and further enhance its emphasis on ESG.
