The Danish defense industry has encouraged pension funds in the country to look more positively at investments in weapons. ”We would like it to be considered ordinary societal responsibility,” says an industry leader.
Net inflows have exceeded expectations at BankInvest in Q1. The EUR 20bn manager has been criticized for some of the investments in its sustainable flagship product, but CEO Lars Bo Bertram is proud that the EUR 12bn fund has managed to beat its benchmark despite massive gains for oil and gas.
After Danish media outlets revealed that four Danish pension companies invest in nuclear weapons, members at Lægernes Pension pressured the fund to divest, citing a 2017 UN treaty. The man behind these efforts hopes others will follow suit.
The Danish FSA, Finanstilsynet, states that asset managers are using the EU’s sustainable finance disclosure regulation to signify quality, which is not the point of the legislation. In fact, the FSA states it is the opposite of what the EU intended.
A professor in financial economy from Stockholm business school says sustainability, generating excess returns and being a large player are incompatible for private equity managers. The founder of one of the Nordic region’s largest private equity managers disagrees.
The asset manager has poached profiles from BlackRock and Nykredit to accelerate growth across several business segments. Head of Nordics and Benelux Christoffer Hedberg believes his new team is set up for something big.
The Swedish sustainability profile spills the beans on why he is leaving Danish pension company PFA after six months. He tells AMWatch why the opportunity from Japan was too good to turn down and why he’s sick of industry greenwashing.