Sasja Beslik comments on the climate deal

15-12-15 13:55 | Responsibility

On Saturday night the announcement came – we have a new global climate deal. What does this mean for the financial sector and Nordea’s work with responsible investments? We asked Nordea’s head of Responsible Investments Sasja Beslik, who was in Paris during the climate conference.

Sasja, can you describe what the deal means for you as a responsible investor? 

- The global economy will require an estimated USD 89 trillion in infrastructure investments in cities, energy and land-use over the next 15 years.  Ensuring that these investments are guided away from climate destructive activities towards low carbon activities is critical to addressing this challenge, Sasja says and continues: 

- This means that we continuously need to evaluate how we can increase our investments in companies part of the solution and avoid investments in sectors that now after Paris will become more of a liability, for instance heavy fossil sectors. The initiative announced by the Financial Stability Board at the climate conference also means that the pressure on all companies to disclose their exposure to climate change risks is set to intensify.  

How is Nordea’s work with responsible investments affected by the deal?

- We will intensify our work of identifying companies that are handling environmental, social and governance aspects in a good way. It will not only be about fossil fuels. We will rather have to focus on finding companies with a sustainable business model.  We have seen the demand of responsible investment products increase the last years and it will most likely continue to do so, so offering really good products to our customers will also be a focus area.

Read more

Robots are coming – prepare to be empowered

Digital banking The Digital Hub

Mattias Fras about the new era of robotics and AI.

We’re changing the payment ecosystem

Digital banking The Digital Hub

Jarkko Turunen about our invitation to collaborate with Fintech companies.

A strategic partnership with Samsung Pay

Digital banking About Nordea The Digital Hub

Marina Repo about mobile payments and Samsung Pay.

The antidote to swallowing a crystal ball: Experimentation!

Digital banking The Digital Hub

Tabitha Cooper about how we find out and create the future.

Services in the digital era – straightforward and secure

Digital banking The Digital Hub

Noora Hammar about information security.