AMWatch

"I admire the pioneers who continued to push the agenda despite ridicule and doubt from colleagues"

THE CAREER PATH OF AN ESG CHIEF: Annika Manninen has only been Head of ESG at OP Asset Management for a few months, but she has been working with it for many years. During her final year at university, someone mentioned responsible investments and she knew that she had found her career path. She tells her story to AMWatch.

Annika Manninen has had several roles within the space of ESG investing, including ESG Consultant at MSCI, ESG Specialist and alter Head of ESG at OP Financial Group. | Photo: PR / OP

Although Annika Manninen has spent most of her career working with responsible investments, she acknowledges and appreciates that a lot of pioneers fought an exhausting battle in the early days of ESG investing.

Which career path did you envision for yourself when you were younger?

"I always knew I wanted to have a meaningful career with an opportunity to create positive change, but I wasn’t sure which industry or what kind of a role I would aim for.

I enjoyed challenges and fast-paced environments, so ending up in finance made much sense in the end. During my first year in finance, I heard about ESG and I knew that sustainable and responsible investing was and still is a perfect match for my ambitions, goals and personal characteristics."

What is the most interesting part of working professionally with sustainability in asset management?

"It’s the combination of two areas that were originally seen as two very separate topics. The fast development of the industry and seeing first-hand how views are changing.

Currently, I am intrigued by the kind of “wakening” of the retail client. In OP, we see an increasing demand for and understanding of the possibilities for responsible investing among the Finnish retail investors. I think they have always wanted responsible investment but maybe they did not know it was an option. I feel that the general investment knowledge of the retail investors has increased a lot."

Who do you consider the greatest pioneer in the field of responsible investing?

"I couldn’t pinpoint just one person, as the field has developed through combined efforts with enthusiastic professionals in different markets globally.

I would like to give kudos to all those first pioneers and true believers of sustainability who continued to push the agenda of responsible investments in the beginning when they had to go against the ridicule and doubt of colleagues, peers and clients who didn’t think responsible investing would ever become mainstream."

What occupies you the most right now?

"So many things! To name a few, I’d say climate risk and the Task Force on Climate-related Financial Disclosures (TCFD) that we are a public supporter of.

Another focus area is getting deeper into understanding the EU Sustainable Finance plan and its possible impacts on the asset management business.

And finally, we will be working on enhancing existing processes and developing the initiatives that we have taken earlier."

More from AMWatch

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and hear about their career experiences. 

Fidelity plans to halve CO2 in investment portfolios by 2030

Fidelity International's target will initially be limited to portfolio companies' direct emissions and those that stem from energy the company buys, so-called Scope 1 and Scope 2 emissions. The manager intends to add Scope 3 emissions once it has access to better data.

Further reading

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch