ESG screening takes ever more time for Nordic selectors

External manager selectors in the Nordics are spending an increasing amount of their workload on ESG-related assessments, writes Citywire.

Folksam's fund selection team spends roughly 30 percent of the workload on ESG assessments. | Photo: PR

The emphasis on environmental, social and corporate governance (ESG) factors within the business of selecting external fund managers has ballooned in recent years. As a consequence, selectors in the Nordic region are spending an increasing amount of their work time screening potential managers and funds on ESG criteria, according to news service Citywire.

One example of this development is Folksam. The SEK 400 billion (EUR 38.9 billion) Swedish insurer's head of fund selection and ESG external funds, Susanne Bolin Gärtner, says that the time dedicated to ESG screening has grown to roughly 30 percent of her workload.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

The ESG market is controlled by a few big investors

Finland's largest investor holds 62 percent of shares of multi-trillion ETFs offered by iShares and 64 percent of Xtrackers' equivalent offering. Having a few investors dominating ownership in this way is not good for the vehicles' liquidity and could be a big challenge facing the sector.

"We continue to see further growth in our Nordic book of business"

DECEMBER SERIES: What were the most important developments at some of the global asset managers present on the Nordic market in 2021, and what are their expectations for the coming year? AMWatch's December series is kicked off by Head of Nordics at State Street Global Advisors, Arnaud Bruyneel. 

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch