Investors gauge future climate risks with satellite imaging
Chris Kaminker was one of the many remote onlookers unnerved by the images of Australia’s most recent bushfires. Kaminker ran sustainable finance research at SEB, the Swedish bank that structured the first green bond, before joining the asset management arm of Swiss private bank Lombard Odier last year. In a newly created role, he was responsible for developing ways to analyze how the warming planet — and increasing pressure to cut carbon emissions— will affect companies.
By Alastair Marsh / BLOOMBERG
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Two years ago, KLP Kapitalforvaltning accounted for 4 percent of inflows to Norwegian retail funds. Now, its share is 17.6 percent. "It's been a dramatic change," says CEO Håvard Gulbrandsen, who thinks sustainable funds, low prices and new dynamics in the Norwegian retail market are responsible.
The Swedish Pensions Agency has been busy recently, with a first foray into real estate and new terms and conditions for its fund platform meaning lower fees for savers. Fund department chief Erik Fransson also discusses whether going fossil free has had an impact on returns.
Five new guidelines aim to create more transparency about how Danish pension funds asses the value of unlisted assets – but according to several pension firms, they already live up to these principles.