Nordea Asset Management has been awarded for its approach to environmental and social issues. The European magazine Capital Finance International (CFI) has awarded Nordea for best ESG (environmental, social and governance) investment process in Europe.
- We are honoured to receive this award which confirms that we are moving in the right direction by integrating environmental and social aspects in all parts of our fund management, says Sasja Beslik, head of Responsible Investments at Nordea and continues:
- We are the leader in Europe when it comes to ESG and we will continue our efforts to find the best solutions for our customers and create responsible returns.
The jury’s statement:
“Nordea well understands the benefits that accrue to investors when managers consider environmental, social and corporate governance factors in the asset selection process. This company has been working consistently over the years to integrate ESG assessment fully into its investment decision making. Nordea has shown clear focus and a strong determination to exclude investments that violate their ESG principles and it is clear to us that their products are all the better for this rigorous examination. Board composition, audit policy and compliance procedures reflect good corporate governance policy and practice at Nordea. Risk management here is exemplary and our winner does all possible to conduct business as profitably as possible but with integrity. We are delighted to name Nordea as winner of the CFI.co award for Best ESG Investment Process, Europe.”
CFI is a London based magazine covering economics, finance and industry. The magazine is available both in print and on the internet. This is the first time that CFI awards a prize for best ESG process, having previously focused primarily on corporate governance issues. As more and more attention has been given to ESG in CFI’s nomination processes, they have now decided to create an award solely for ESG. The winner is selected by a special CFI jury, based on nominated candidates.
ESG and Nordea’s investment process
Nordea believes that ESG issues are integral to fund management and to creating excellent returns over time. Environmental, Social and Governance issues are an increasing source of risk and opportunity. Therefore we seek to integrate ESG issues into our investment analysis methodology. Potentially, this is a source of better performance and, at the very least, it is a way of controlling risk in an investment portfolio. Good returns for our customers are the focus for Nordea Asset Management and so we need to take ESG issues into account in all our investment funds.
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