Amundi and LGIM, Europe's largest asset managers, have won several index mandates on behalf of Nordic pension companies over the past 12 months. A business developer and a product architect reveal their recipe for success to AMWatch.
Pension Danmark is making an exception by investing directly in developing cleantech company Stiesdal. "If successful, it will be a fantastic investment," says CIO Claus Stampe, who expects to make several direct co-investments alongside private equity firms in the future.
Greenwashing, a lack of common reporting standards and finding suitable green bond investments remain the main challenges facing institutional investors, say Varma's senior portfolio manager and State Street Global Advisors' fixed income strategist.
External partners of Storebrand and Swedish subsidiary SPP now have to adopt the net-zero emissions policy of the Paris Agreement. The firm is open to re-evaluating relationships in the coming year if external managers do not adapt.
Five Danish pension companies voted, much like the majority of Shell's shareholders, to approve the oil company's climate plan shortly before a Dutch ruling rejected it. The burden of proof is now on oil companies that have to show that they are on the right side of the Paris Agreement, according to Danish pension provider PFA.
Shipping is a major CO2 polluter and thus it should view itself as a part of the solution, says Dutch climate activist Mark van Baal. He works as a shareholder to get major oil companies such as Shell and Chevron to think long-term and intensify their climate efforts.
Nordea Asset Management notes fine initial traction from Chilean and Brazilian pension funds into its ESG strategies during Q1, says CEO Nils Bolmstrand, who also notes a positive momentum in Southern Europe.
Whilst Danish pension firm PFA has now divested equities in US oil companies, the investor is now betting on Total and Shell as the "winners of tomorrow" due to green energy engagement. Although it's not just about CO2, says PFA Asset Management COO.
In 2017, Carsten Stendevad joined a one-year senior fellowship program at the world's largest hedge fund Bridgewater Associates. The former ATP CEO has since converted that fellowship into a career at the firm, known for its distinct corporate culture, where he is now responsible for constructing sustainable investment portfolios utilizing Bridgewater's world-famous investment know-how.