The company Adani Ports in Myanmar has come under scrutiny for its ties to Myanmar's military junta, which forcibly seized state power in the country earlier this year.
News has since emerged that Norges Bank Investment Management, colloquially called the oil fund, had also invested in Adani Ports. In addition, numerous asset managers such as DNB AM, Nordea AM, KLP and Storebrand AM have had exposure to companies financing the military regime through investments in their funds, reports media E24.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.
Start a free company trial todayMore from AMWatch
Schroders poaches Nordic small cap managers from Aktia
The UK asset manager has hired Jan Brännback and Janne Lähdesmäki for its European equities team. The duo recently announced their departure from Aktia and will join the Schroders' Helsinki office around New Year.
This is how Sustainalytics calculates ESG scores
Morningstar's subsidiary Sustainalytics produces an ESG score that can be compared across industries and sectors.
6 Swedish investors collaborate to combat corruption and poor governance
Transparency International's Swedish chapter is launching a new platform for investors to work together on fighting corruption risks and increasing corporate governance and transparency.
From utopian to center stage at PFA: "It's a challenge worth a proper fight. And trust me, it is not a walk in the park"
Is it possible to make a 180-year-old Swiss private bank significantly more sustainable in less than two years? Sasja Beslik believes so, having left J. Safra Sarasin to take the over the reins at Denmark's largest commercial pension fund, PFA. Even though only 1.5 percent of PFA's clients have opted for its climate product after more than a year on the market, it shouldn't become the mandatory savings product, he argues.
Research: climate-focused funds are guilty of greenwashing
ETFs tracking climate change indices invest very little in green companies but increase allocation to those with poor environmental records, academic research finds.
