AMWatch

"You can’t fight battles on all fronts at the same time and expect to win": Nordea's new RI head on activist investor role

In August 2019, deforestation of the Amazon led a NAM fund manager to quarantine Brazil's government bonds because of political and environmental risks, attracting attention from global finance media. Meanwhile, Russian forests were ablaze, and the White House opted out of the Paris Agreement. AMWatch asks Nordea's new Head of Responsible Investments, where to draw the line on justifying government bond quarantines.
Eric Pedersen has been vocal on sustainability issues for years in Danish media during his tenure as head of Nordea funds' Danish branch. | Photo: Nordea Pressefoto
Eric Pedersen has been vocal on sustainability issues for years in Danish media during his tenure as head of Nordea funds' Danish branch. | Photo: Nordea Pressefoto
by SØREN RATHLOU TOP

In late August 2019, news broke across financial media outlets including the Financial Times and Citywire that Nordea Asset Management (NAM)’s Head of Emerging Market Debt Thede Rüst had decided to quarantine Brazilian government bonds from his portfolios.

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