Fondita Sustainable Europe is shortlisted for the 2023 UN Sustainable Global Fund award
“The 2023 UNCTAD Sustainable Global Fund Award, with a theme on climate investment, recognizes the achievements and impact of global equity funds dedicated to investing in climate mitigation and environment protection”
We are very proud to announce that the Fondita Sustainable Europe equity fund is shortlisted for the UNCTAD Sustainable Global Fund award. The shortlist consists of 12 funds which “integrate ESG, climate change and sustainable development consideration into their asset allocation process, plays an important role in channeling investment in sectors that are critical for achieving the Sustainable Development Goals (SDGs), such as green energy, sustainable infrastructure, agriculture, health and education”. Fondita is in good company as the shortlist contains many of the most renown asset managers in the world. There will be 4 winners and they will be announced in late October.
An Award Selection Committee, comprised of independent international experts, will be formed to review the short-listed funds and determine the winners by voting. UNCTAD will provide the Committee with a comprehensive set of sustainability data for each short-listed fund as inputs for their judgement. The assessment is based on:
• Aggregated sustainability scores and inputs for the assessment.
• Impact on climate, including exposure to clean tech and fossil fuel.
• Investment in key SDG sectors.
• Exposure to sensitive sectors and international norm-related risks.
• Assessment of sustainability disclosure quality.
• Any other relevant quantitative or qualitative information resulting from UNCTAD’s due diligence.
Fondita Sustainable Europe’s objective is to invest in European companies with solutions to problems and threats related to climate change and depleting natural resources. The fund is an SFDR Article 9 fund and has two environmental certificates, namely the Nordic Swan and the Austrian Ecolabel. The goal has always been to be transparent, focused and best in class from a sustainability perspective. This can only be achieved if sustainability is systematically and deeply integrated into the investment process. We really feel that the recognition from UNCTAD is compelling evidence that this has been achieved.
Marcus Björkstén & Janna Haahtela
Portfolio Managers for Fondita Sustainable Europe