AMWatch

Asset managers approach Article 8 and 9 differently as fear of greenwashing looms large

Some Nordic fund managers have so far refrained from declaring any products Article 9. Others have chosen to offer the so-called dark green funds even though the EU Taxonomy is not yet finalized. AMWatch talked to ten of the largest Nordic asset managers about this unresolved issue.

Jan Erik Saugestad, Peter Kjærgaard, Magdalena Wahlqvist Alveskog, Olof Neiglick, Maunu Lehtimäki, Javiera Ragnartz, Snorre Storset and Håkon Hansen. | Photo: PR/Storebrand, Nykredit, Handelsbanken, Swedbank Robur, Evli, SEB, Nordea and DNB

Nordic fund managers have chosen different approaches to the EU Sustainable Finance Disclosure Regulation (SFDR) directive that came into force in March this year.

Some have chosen to classify a few thematic funds as Article 9. Others have declared almost all funds Article 8. With ten Article 9 funds, Storebrand Asset Management with the most of the so-called "dark green" funds. But Norway's largest asset manager also aims to invest in companies providing solutions to SDGs, green bonds, sustainable infrastructure and real estate with environmental certifications

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