Nordea has launched the Nordea 1 – Global Climate Engagement Fund managed by Alexandra Christiansen and Robert Madsen.
It focuses on leaders in climate solutions and targets companies in the earlier stages of transitioning towards sustainable business models, leveraging the experience of the sustainable thematic team, which is headed up by Thomas Sørensen (pictured) and Henning Padberg, the managers of the Global Climate and Environment Fund.
The managers will push these companies to catch up to climate leaders, which will unlock under-appreciated value and contribute to the reduction of real-world emissions, they said.
Christiansen commented: “Over the past few years we have witnessed a meaningful flight of capital out of areas of the market deemed ‘not green enough’ and potentially at risk in the transition to a net zero emissions world. Yet we believe many businesses that are carbon intensive today will still be relevant in the future green economy – or even critical to enabling the energy transition. Our goal is to generate alpha by de-risking the fundamentals of these companies through engagement on decarbonisation targets, strategy, and capital commitments.”
Sørensen, head of NAM’s sustainable thematic team, added: “Capitalising on NAM’s many years of experience managing climate-forward strategies, we have the insights required to support companies throughout their green transition journey. By engaging with companies and promoting progressive actions, we truly believe investors can help to significantly curb real-world emissions, while also generating meaningful alpha.”
The fund is categorised Article 8 under SFDR.