18 INSIDE NORDEA
Hilde Jenssen is convinced that investors have a vital role to play in global decarbonisation.
She actively seeks the dialogue with companies to drive real-world change.
Can you point to a company in the Nordea 1 – Global Stars Equity Fund that has made major recent strides forward? Definitely. One great example is Waste Manage- ment Inc, a US company that provides waste collection, disposal and recycling services. Waste services are typically high-emissions activities, and the company is working to set 1.5 degree-aligned absolute emission reduction targets, with the ambition of reducing absolute greenhouse gas emissions for scope 1 and 2 by as much as 42% by 2030 compared to the 2021 level. In addition, the group is boosting its investment in recycling facili- ties by around USD 500m over the next four years. Not only will this increase their recycling capacity, which is a good thing for the environment, but it will also further reduce their own emissions. Furthermore, this investment will also reduce their costs, so they will be winning on both the environmental and emissions side as well as the financial side. When current high-emitters make reductions like this, the overall portfolio emissions go down, taking us and our investors closer to our net zero goals. Finally, with changes to MiFID II coming in at the beginning of August, are NAM’s ESG STARS Funds suitable for sustainability portfolios? This is a very important question, and I am pleased to say that they are. From August 2 nd , distributors and advisers will need to ask their
clients about their sustainability preferences and ensure that the products they offer meet those, as well as the client’s financial goals and risk tolerances. While all funds classified as Article 9 under the SFDR are expected to be MiFID- eligible, not all Article 8 funds will be: there are additional criteria to meet, over and above simply achieving Article 8 status. NAM’s ESG STARS will all meet these criteria, both by com- mitting to a percentage of Sustainable Invest- ments and by considering PAI (Principal Adverse Impacts) elements. Thus, our ESG STARS range will be eligible for clients with sustainability pref- erences. With the ESG STARS solutions covering regions around the world as well as a wide range of asset classes – equities, sovereign, corporate and high yield bonds – these funds can be used individually or in combination as building blocks to create whatever MiFID-eligible portfolio your clients need.
Nordea 1 – Global Stars Equity Fund
Johan Swahn and Joakim Ahlberg
Managers
USD
Base currency
LU0985320562 (BP-USD) LU0985319804 (BI-USD)
ISIN
17.05.2016 (BP-USD, BI-USD)
Launch date
nordic friends
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