8 FUND IN FOCUS
A powerful combination
The recently launched Nordea 1 – Global Climate and Social Impact Fund seizes the opportunities of the powerful “E” and “S” megatrends in one combined strategy.
Nordea Asset Management’s (NAM) expertise in investing in climate solutions hardly needs an introduction. NAM was one of the pioneers of environmentally focused investing, launching its renowned Nordea 1 – Global Climate and Environment Fund back in 2008. This strategy, managed by Thomas Sørensen and Henning Padberg since its inception, has been one of Eu- rope’s most popular investment vehicles in recent years. In late 2020, NAM additionally expanded its suite of sustainable solutions to capitalise on the increasingly compelling opportunity aligned to the social, or ‘S’, element of ESG, through the Nordea 1 – Global Social Empowerment Fund . Drawing on this longstanding heritage in sus- tainability, NAM recently unveiled a strategy to harness the powerful momentum of both ‘E’ and ‘S’ megatrends, the Nordea 1 – Global Climate and Social Impact Fund . The strategy is spearheaded by the same successful portfolio manager team of Sørensen and Padberg. Although the new strategy was launched only in July, the two portfolio manag- ers had already been running a mandate following the same investment philosophy and process since March 2020. The duo is supported by other mem- bers of the Fundamental Equities Team, as well as ESG analysts from NAM’s highly regarded Respon- sible Investments Team. As you would expect from a strategy managed by NAM’s Fundamental Equi-
ties Team, robust ESG and impact analysis are fully integrated into the investment process, while the team actively engages with the companies it invests in to help foster real change. The link between the ‘E’ and ‘S’ For the two portfolio managers, combining the ‘E’ and ‘S’ megatrends in one product makes per- fect sense. “Environmental and social issues are closely linked. One influences the other. Man-made climate change, for example, affects our societies through changes in water, air, food, the ecosys- tem, our livelihoods and infrastructure,” Sørensen explains. “Another example: 80% of global waste-
At a glance ` The Nordea 1 – Global Climate and Social Impact Fund is run by Thomas Sørensen and Henning Padberg, the renowned portfolio managers of NAM’s Global Climate and Environment Strategy ` Sørensen and Padberg aim to invest in companies at the forefront of what they call the ‘inclusive green economy’, as the interconnection between social and climate issues accelerates ` ESG and impact analysis are fully integrated into the investment process, while the portfolio managers and NAM’s Responsible Investments Team actively engage with companies to help foster real change
nordic friends
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