FUND IN FOCUS 11
„ The concept of the inclusive green economy forms a pathway towards achieving the UN’s Sustainable Development Goals.
Thomas Sørensen , portfolio manager at Nordea Asset Management
The need for clean drinking water is one of many issues where the social and environmental spheres are inextricably linked.
“Thankfully, society today is fully aware of the pressing need to take action. Not only have we witnessed major momentum at the public and government levels, but the corporate sector is also increasingly understanding its critical role in achieving the UN’s sustainability goals, which has sparked widespread innovation in environmental and social solutions.” His colleague Sørensen agrees. He concludes: “Despite all the challenges society continues to face, we believe we are on the cusp of a green rebirth. We are convinced climate and social solutions will play a key role in generating and sustaining global prosperity – particularly as we look to rebound from the global pandemic.”
resource-efficient building, transportation and manufacturing processes, as well as groups supporting the development or delivery of renewable energy and alternative fuels. There is significant scope for improvement in these areas, considering 75% of the building stock in the EU-28 is classified as energy inefficient and 30% of NOx emissions in the EU-28 is related to road transportation. At company level, a good example of a business aligned to the inclusive green economy is US group Owens Corning. With 40% of total energy consumption in the US related to buildings, and 90% of American homes not or poorly insulat- ed, the insulating products from Owens Corning enable residential and commercial customers to conserve energy and improve acoustical perfor- mance. Properly installed insulation could poten- tially lead to a 45% saving in energy costs, while the 1 ton of CO2 generated in the manufacturing of stone wool insulation is estimated to save 200 tons of CO2 over a 50-year period. Towards an inclusive green society “When we think back to when we launched our first climate strategy 13 years ago, there was widespread pessimism in some parts of society about climate change,” Padberg explains.
Nordea 1 – Global Climate and Social Impact Fund
Thomas Sørensen and Henning Padberg
Managers
USD
Base currency
LU2355687059 (BP-USD) LU2355687216 (BI-USD)
ISIN
06.07.2021 (BP-USD, BI-USD)
Launch date
ISSUE 02.2021
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