A troika from SPP representing the Storebrand group at the Financing for Development Forum in New York 23-26 April will be calling for action from the asset management industry to effect changes necessary – and notes that words are not enough.
The Forum is intended to bring together high level government officials with investors from the private sector around the Addis Agenda, which is itself focused on infrastructure investments deemed necessary to achieve the UN Sustanable Development Goals. The Addis Agenda suggests an annual infrastructure spending gap of $1-1.5trn in developing countries.
Åsa Wallenberg, CEO SPP Funds, said: “For us as investors it is important to do our part. According to The World Bank we are talking trillions of dollars of investments needed to reach the United Nations’ Sustainable Development Goals and the Addis Ababa Action Agenda. We have been working in the field of sustainable investments for over 20 years and our work is more urgent and relevant than ever. Sustainable investments need significant scaling up to support the transition to a sustainable agenda. Our hope is to connect with other pioneers and global leaders to learn more on how we can further excel our contribution to the Addis Agenda and Global Sustainability Goals. By strengthening necessary partnerships, we can mobilize faster and more efficient.”
”We have noticed a change in attitude and good will, but following the money we still don’t see significant change in many investment policies. We need to see a real movement towards sustainable investments, and we need to see it now. Good intentions is not enough. We need action.”
The troika attending the forum apart from Wallenberg also includes Helena Lindahl, senior portfolio manager SPP Green Bond Fund and Philip Ripman, senior portfolio manager/ESG analyst.
Storebrand/SPP is part of the network Swedish Leaders for Sustainable Investments.
Storebrand Asset Management had approximate €73bn AUM at year-end.