It is Carneo’s firm view that material sustainability aspects in the financial industry, can have significant financial impact on a company, thereby affecting its attractiveness as an investment across different time horizons. Understanding and incorporating relevant and material sustainability related risks and opportunities, alongside other relevant factors such as company strategy, competitive environment, and financial performance, is therefore seen as part of the fiduciary duty of any asset manager aiming to generate attractive long-term returns.

As the largest independent asset management group in the Nordic region, Carneo strives to systematically integrate sustainability in all aspects of the business in order to be a driving force in the financial sector. By implementing adequate sustainable investment practices across Carneo and addressing sustainability in the group’s day-to-day operations, the aim is to support the Affiliates in generating attractive risk-adjusted returns while also contributing to positive social and environmental change in society.

Carneo’s sustainability objectives

Carneo’s sustainability objective is to be at the forefront and change the financial industry towards a more sustainable way of working. This shall be achieved by actively managing the Group’s direct and indirect impacts on sustainable development as follows:

Indirect impacts: Carneo invests through its Affiliates. By ensuring that each Affiliate has an effective structure in place to address and integrate relevant sustainability risks and opportunities in their respective investment processes. Affiliates can reduce risks and increase long term returns for their fund unit holders and clients while positively contributing to sustainable development. Carneo adds value by setting certain common expectations, enabling collaboration and knowledge sharing within the Group, as well as providing continuous support.

Direct impacts: Although more limited in scope as compared to how sustainability aspects potentially can impact the Affiliates’ investment work, Carneo also acknowledges that the Group has certain direct sustainability impacts from its day-to-day operations. These include an environmental footprint comprising offices, travel, waste, etc; the role and responsibility as an employer as well as demonstrating exceptional business ethics in everything the Group does.

More detailed information in regards to objectives, processes and methods is available in the Group Sustainability policy.

PRI signatories

All Carneo affiliates are signatories of PRI (Principles for Responsible Investment) – the world’s leading proponent of responsible investment. PRI is an independent organization, supported by, but not part of, the United Nations. It encourages investors to invest responsibly in order to enhance returns and manage risk in a better way. 

If interested in reading more about the sustainability aspect of the Carneo affiliates, follow the links below.