Launching the website for DNB AM's new sustainable investment fund
DNB Asset Management, a subsidiary of DNB Group, has announced the launch of a new sustainable fund in Europe called Future Waves (ISIN: LU0029375739). This fund aims to address critical environmental and societal challenges by focusing on investments in ocean and green economic activities, climate resilience, and quality of life improvements.
The fund targets more than half of the United Nations Sustainable Development Goals (SDGs), aligning explicitly with these goals by contributing to climate action (SDG 13), sustainable cities and communities (SDG 11), affordable and clean energy (SDG 7), life below water (SDG 14), and responsible consumption and production (SDG 12).
Mike Judith, the head of the international sales team and CEO at DNB Asset Management, emphasises the growing investor demand focusing on both returns and sustainability. He adds that the availability of data and its correct analysis and evaluation have become increasingly important in sustainable funds.
The four themes identified as particularly promising for the new fund are Blue Economy (37 percent), Green Economy (31 percent), Climate (19 percent), and Quality of Life (12 percent). Isabelle Juillard Thompsen, co-portfolio manager of the Future Waves fund, reports that the maritime industry can double its revenue growth compared to the world economy by 2030 with the right investments.
DNB Asset Management has its own ESG label for defining, developing, collecting, categorizing, analyzing, and presenting secondary and primary data on the direct and indirect impacts of industries and companies on the 17 UN sustainability goals. This approach ensures that investments not only generate financial returns but also measurable positive impacts on environmental and social challenges faced by Europe and globally.
The sea, which produces more than half of the oxygen we breathe, also absorbs 21 percent of the planet's CO2 emissions. By focusing on the Blue Economy, the fund aims to promote the sustainable use of ocean resources for economic growth, improved livelihoods, and ocean ecosystem health.
The Green Economy focus area supports investments in environmental sustainability, renewable energy, energy efficiency, and resource circularity. The Climate focus area addresses climate change through decarbonization, adaptation, and resilience measures. The Quality of Life focus area enhances well-being and infrastructure that supports sustainable urban and rural living standards.
In summary, Future Waves targets critical environmental and societal challenges through focused investments in ocean and green economic activities, climate resilience, and quality of life improvements, thereby supporting several core UN SDGs. The fund is set to play a significant role in the transition to a low-carbon, resilient economy.
Economic and social policy is a key focus for DNB Asset Management's new sustainability fund, Future Waves, as it aims to contribute to multiple United Nations Sustainable Development Goals (SDGs). The fund's business strategy involves investments in ocean and green economic activities, climate resilience, and improving quality of life, which are financed through the Green Economy, Climate, and Quality of Life focus areas.
