Asset manager climate alliances nervously await EU decision
The EU Commission may be about to make life more difficult for members of net-zero alliances by ruling that CO2 emissions should be considered an objective, rather than a characteristic, of investments.
by SIMON LUND CHRISTIANSEN, translated by Catherine Brett
Over the past few years, membership of net-zero alliances has become an increasingly common way for asset managers and asset owners to boast of green credentials.
A report examining investments in illegal Israeli settlements on the Palestinian West Bank reveals that Norway’s oil fund is the largest investor in 50 companies located there, and that AB Industrivarden and Nordea are also among the 10 largest.
Once again, AMWatch is handing over the mic to international asset managers with a Nordic presence during the festive season. This time our December/New Year series is being kicked off by Ulrik Holm Oxfeldt, head of Nordics at US-based firm Columbia Threadneedle.
Funds linked to environmental, social and governance principles are by definition supposed to minimize risks tied to those three factors. In 2022, the approach did little to help protect investors from the brutal slide in the financial markets.