Nordea joins US-based advisory group on sustainability standard

19-10-16 10:24 | About Nordea | Responsibility

Nordea Asset Management is one of 14 founding members of a US-based Investor Advisory Group that will support improving the quality and comparability of sustainability reporting. The group will advise on how to best design investor-friendly ESG reporting standards when filing to the U.S. Securities and Exchange Commission. The initiative will help investors make more informed investment decisions.

Founded by non-profit organisation The Sustainability Accounting Standards Board, the advisory group comprises asset owners and asset managers including BlackRock and Goldman Sachs Asset Management. Nordea Asset Management will be represented in the advisory group by Eivind Lorgen, CEO of Nordea Investment Management North America.

- I believe that this is a clear recognition and acknowledgement of our dedication, achievements and position within the responsible-investment area. We are very proud to be the only asset manager based in Europe to be invited to be part of this advisory group, said Eivind Lorgen.

The Sustainability Accounting Standards Board has been working on creating standards for environmental, social and governance related disclosures since 2011. The standards are industry based and intended for companies traded on U.S. exchanges. The San Francisco-based organisation is chaired by former New York mayor and Bloomberg LP founder Michael Bloomberg. Vice chairman is former SEC chairman Mary Shapiro.

Read the SASB's press release

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