Best responsible investment process
Nordea’s fund management has been awarded for its responsible investment process. The European magazine Capital Finance International (CFI) has awarded Nordea Asset Management for best ESG (environmental, social and governance) investment process.
CFI is a London based magazine covering economics, finance and industry. The magazine is available both in print and on the internet (www.cfi.co). This is the first time that CFI awards a prize for best ESG process, having previously focused primarily on corporate governance issues. The winner is selected by a special CFI jury, based on nominated candidates.
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.’
About ESG and Nordea’s investment process
ESG is short for environmental, social and governance. 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.