Nordea AM launches fund targeting companies transitioning away from carbon

Article 8 vehicle

Elliot Gulliver-Needham
clock • 1 min read
Henning Padberg and Thomas Sørensen, heads of Nordea's sustainable thematic team
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Henning Padberg and Thomas Sørensen, heads of Nordea's sustainable thematic team

Nordea Asset Management has launched a new fund targeted at companies in the early stage of transitioning towards sustainable practices.

The Nordea 1 - Global Climate Engagement fund is an Article 8 vehicle and is managed by Alexandra Christiansen and Robert Madsen, members of the firm's sustainable thematic team. The firm said that "by pushing these companies to catch up to climate leaders, this approach unlocks under-appreciated value and contributes to the reduction of real-world emissions". Nordea launched its Article 9 Global Climate and Social Impact Strategy last year, co-managed by Thomas Sørensen and Henning Padberg, who are also heads of the firm's sustainable thematic team. Its Global Climate and Environment...

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