Nordea 1 – Global Climate and Environment Fund celebrates 10 years of investing in climate solutions
This month, the Nordea 1 – Global Climate and Environment Fund (ISIN: LU0348926287 (BP-EUR), LU0348927095 (BI-EUR)) marks its 10-year anniversary.
Launched on 13 March, 2008, the Nordea 1 – Global Climate and Environment Fund (“The Fund”) celebrates its tenth anniversary this month. The Fund is a thematic, global equity fund seeking to benefit from a long-term global megatrend in order to generate attractive returns. The Fund is an early mover in the climate change and environmental protection space and has been co-managed for nearly a decade by the same team, Thomas Sørensen and Henning Padberg.
The Fund taps into the growing universe of companies contributing to solutions to climate change and environmental degradation. As such, it focuses on three main areas: resource efficiency, environmental protection and renewable energy. The Fund follows a bottom-up, high conviction approach with most of its holdings outside of traditional global equity benchmarks. The Fund’s assets under Management recently surpassed EUR 800 million.
“We invest in structural winners. We buy established companies that develop climate solutions which benefit clients and the environment, thereby moving the world in the right direction,” says Padberg. “More and more companies are seeking these types of solutions and this is opening up incredible investment opportunities,” adds Sørensen.
“Investors are increasingly sensitive to environmental challenges,” says Christophe Girondel, Global Head of Institutional and Wholesale Distribution at Nordea Asset Management. “At the same time, they do not want to sacrifice returns. The Fund addresses this dilemma—it was designed first and foremost to provide alpha while investing into companies that use their talent and innovation to make a positive difference.”