There are several industries that new equity fund Carnegie Global does not invest in, including oil, coal, arms and tobacco. And the companies the fund does invest in are required to comply with international conventions on the environment, human rights and corporate governance. “Sustainable companies are just better companies,” says fund manager Mikael Tarnawski-Berlin.
Those who invest in a global index fund that tracks the MSCI World index run the risk of investing in a range of controversial companies, including some that manufacture nuclear weapons, arms or tobacco and extract oil or coal.
These are some of the industries that Carnegie Global does not invest in.
Along with Carnegie Fonder’s other fund managers, Carnegie Global fund manager Mikael Tarnawski-Berlin has completed the PRI Fundamentals and PRI Essentials courses – two in-depth courses on sustainable investments provided by PRI Academy.
The fund managers therefore have extensive knowledge about integrating sustainability issues into fund management, including methods for assessing ESG risks (environment, social and governance issues) and for advocating more effectively.
To support their sustainability work the fund managers use analyses from GES International, which regularly reviews all companies in which the funds have invested.
Carnegie Global does not invest in:
- Fossil fuels
- … or companies that systematically violate international sustainability standards such as the UN Global Compact
MORE ABOUT CARNEGIE GLOBAL
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Good, undervalued companies that are well managed – how Carnegie Global finds the winners.
Five companies – long-term investments in good companies that are well managed and undervalued.
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Carnegie Global starts up Monday 3, September.
Please contact us if you would like to receive additional information about Carnegie Global.