Nordea AM is extending its suite of climate-focused solutions with the launch of Nordea 1- Global Climate Engagement Fund. Nordea AM has been a longstanding proponent of climate and environment investing since the launch of its renowned Nordea 1 – Global Climate and Environment Fund* —now Europe’s largest Article 9 vehicle—back in 2008.
Nordea 1 – Global Climate Engagement Fund will be managed by Alexandra Christiansen and Robert Madsen, members of Nordea’s Sustainable Thematic team, headed by Thomas Sørensen and Henning Padberg, managers of Nordea 1 – Global Climate and Environment Fund*. The Sustainable Thematic team is a sub-group of NAM’s Fundamental Equity boutique, which consists of 27 portfolio managers and analysts. The new fund will be further supported by NAM’s 25-strong Responsible Investment Team including dedicated impact and engagement specialists.
The fund will leverage the experience, investment approach and risk management framework of NAM’s Global Climate and Environment Strategy, but instead of focusing on leaders in climate solutions, it targets companies in the earlier stages of transitioning towards sustainable business models. By pushing these companies to catch up to climate leaders, this approach unlocks under-appreciated value and contributes to the reduction of real-world emissions.
“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.”Alexandra Christiansen, Portfolio Manager of Nordea 1 – Global Climate Engagement Fund
“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.”Thomas Sørensen, Head of Sustainable Thematic team and Portfolio Manager of Nordea 1 – Global Climate and Environment Fund
NAM is a founding member of Net Zero Asset Managers initiative and has set a target to align the top-200 carbon emitting companies in its portfolios with the 1.5°C goal of the Paris Agreement by 2025. NAM currently manages around 12bn EUR in climate solutions.
* Please note that the Nordea 1 – Global Climate and Environment Fund is soft closed since 26.02.2021.