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Magazine Issues » December 2022

2022 Funds Europe Award winners

European ESG Manager of the Year

Winner – Nordea Asset Management

To win this award, a firm must convince the judges that it has set itself robust ESG targets and can demonstrate transparency in terms of how these are being met. This may be across one or all of the three ESG components.

ESG

In winning this award, Nordea AM prepared a great presentation that demonstrated a lot of experience in the field of ESG, and a strong focus on engagement. The firm now has 230 funds classified as either Article 8 or 9 under the EU’s Sustainable Finance Disclosure Regulation.

The firm‘s approach to ESG is driven at the highest level with a responsible investing (RI) committee chaired by Nordea AM’s chief executive. Meanwhile the RI team of 29 analysts and various portfolio managers ensures the committee’s principles are implemented in the various ESG strategies offered to investors.

In addition, the transparency of Nordea’s sustainable investing approach and its commitment to education and awareness campaigns, as seen by the creation of the ESG Learning Centre, both played well with the judges.

Shortlisted

BNP Paribas Asset Management – The French asset manager launched its global sustainability strategy in 2019, becoming one of the first large asset managers to commit to integrating sustainable investment across its full range of strategies. Since then, the firm has committed to the Net Zero Asset Manager initiative and later this year will publish its net-zero roadmap. Ahead of the 2022 AGM season, BNPP AM also conducted a global study of the number of women on boards.

Robeco – The Dutch firm has a long history of sustainable investment, having launched its first sustainable strategy back in 1995. In 2021, Robeco launched a number of sustainability funds, including those developed with specific clients. And in December 2021, the firm launched its sustainable index family. Robeco has also been proactive in its implementation of the SFDR, to the point where almost all of its funds are aligned to Article 8 or 9 of the EU’s regulations.