Eirik Winter

Great to have Aktia bank as a partner in making Nordic Investment Bank financing available to the small and medium sized companies (SMEs) in 🇫🇮. #sme #growth #partnership #sustainablefinance

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Our Investments Sustainability Report is out and spoiler, we kept busy last year (and oh, so much more is coming this year)❤️ 🌱net zero 2040 at the latest, validated sbti targets, TNFD early adopters, nature positive framework project started, real estate selected for pilot phase of SBTi’s Buildings Project 👥 mapped salient human rights impacts, established an internal Diversity, Equity & Inclusion working group, set gender diversity targets 🌍 incorporated a sustainability capacity raising program, strengthened processes and reporting all around and focused on sustainability value creation Read all about what we’ve done - and where we’re heading! #capman #sustainability #esg

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Transparent reporting and discussions around banks’ and investment companies’ role in the green transition is important. Visibility and transparency is the first step towards long-term and sustainable changes. Very good initiative by Fair Finance to bring this up for discussion. In Nordea we are committed towards supporting the society and economy in the sustainable transition towards 2050. As for many things the development pathway is often not linear, it takes various turns and requires a long-term and persistent approach. Many various products and services will be needed in the society by 2050. The key is to engage, support and drive innovation in the sectors that represent the highest shares of the global emissions (e.g. energy, building materials, transport). By addressing such sectors and not ignoring them, we actively support the sustainable transition by making our customers pensions and savings’ count and create a long-lasting impact and transformational change. In Nordea Life & Pension we have since 2019 reduced the emissions from our investment portfolio with around 30% and had engagement dialogues with almost all companies representing the majority of all our emissions. We work intensively with combining a robust investment approach with a long-term view in supporting the transition towards a sustainable future. If you want your pension & savings to make a lasting impact, please reach out 😀 As stated in the article "This is our chance to influence" #nordea #investments #reponsibleinvestments

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Bonheur ASA published its 2Q 2024 results yesterday. Overall for the group of companies, a very good quarter across the segments, both operationally and financially. Some segment highlights of the quarter are: Renewable Energy o EBITDA NOK 259m o 36% lower power prices and 32% higher generation o Investment decision for Crystal Rig IV project of 49 MW Wind Service o EBITDA NOK 763m o Received cancellation fee with NOK 290m EBITDA effect in 2Q o Backlog of EUR 325m for the Tern vessels and EUR 71m for the Blue Wind vessel o Brave Tern crane upgrade and conversion is estimated to be completed in 3Q o The Tern vessels had 64% utilization Cruise o EBITDA NOK 212m o Occupancy of 77% and Net ticket income per passenger day of GBP 196 o Good booking numbers Link to report, presentation and webcast on Bonheur's website: https://lnkd.in/deqwgCVB

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Very engaging meeting this morning in Stockholm 🇸🇪with Portfolio Manager Joakim Ahlberg . Joakim holds a Master in Finance from Stockholm School of Economics, 17 years in equity management and 8 years in the buy-side. He joined Nordea Asset Management as head of research in the industrial and mining sectors in March 2014. In 2016 he became co-PM of the #NordeaGlobalStars strategy and in 2018 Lead PM of the #NordeaNorthAmericanStars strategy. AI and Big Tech are the catalysts of the record-setting rally across U.S. equities. However, the US economy is slowing the pace of growth and if there is pressure on employment, then the consumer is going to have some issues. As long as consumers have jobs, the markets are generally pretty well supported. #GlobalStars 🌎 #NorthAmericanStars 🇺🇸

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With over 45 years of expertise in structured finance and debt asset management, Jørgen Beuchert has dedicated the last 15 years to investing in higher-yielding debt through his asset management firm, NCI Advisory A/S. Overseeing Nordic Corporate Investments (NCI) since 2008, along with a newer fund initiated after the COVID-19 outbreak, Beuchert and his team of seven manage assets exceeding DKK 700 million, aiming for returns in excess of ten percent in the senior secured high-yielding debt markets. “We focus on senior secured debt with financial covenants in markets where we have experience, particularly in the Nordics, Germany, Benelux, and the UK,” says Beuchert, who has managed Nordic Corporate Investments (NCI) since 2008 and NCI Credit Opportunity Fund (NCIC) since 2020. Although both funds share the same focus and operate within the same market landscape, there are structural distinctions between them. Apart from requiring different minimum investments, the distinction between NCI and the younger counterpart, NCIC, is that the older fund “has the flexibility to leverage up to one time equity and participate in direct lending arrangements,” explains Beuchert. “With NCI, we can selectively engage in direct lending deals, where we primarily provide senior secured financing with financial covenants and potential equity upside,” he elaborates. While direct lending transactions may entail longer closing times, Beuchert notes, “the advantage is that we typically generate returns in excess of 20 percent per annum in these deals.” “The ability and flexibility to engage in direct lending deals and leverage investments have allowed us to generate an annualized return of 10.1 percent to our investors in Nordic Corporate Investments (NCI) since launching in 2008, with average annual dividends to investors of 9.3 percent,” says Beuchert. Notably, NCI enjoyed an advance of 26.8 percent in 2023 alone, resulting in an average return of more than 18 percent over the three-year period from 2021 to 2023.

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At Nordea, we are committed to driving the shift to a sustainable economy together with our clients. One key tool to steer those efforts is the climate transition maturity ladder. Launched in 2023, the approach is designed to evaluate our corporate clients’ transition plans and foster meaningful customer dialogues around sustainability issues. Find out more 👉https://lnkd.in/daebmiVr #SustainabilityAtNordea my#Nordea #myNordea

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As the likelihood of a disorderly transition is rising, pricing-in heightened climate risks into investment portfolios becomes all the more necessary.  Download our new report: https://lnkd.in/dpBM6-D5 Capital@risk #Fidelity #climaterisks #investing 

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Due to the Ministry's sudden decision earlier this spring to wind down the operations of the Ilmastorahasto - The Finnish Climate Fund , I will also be seeking new opportunities this autumn.   The Finnish Climate Fund was a unique initiative, primarily focused on mezzanine financing for green tech companies and capital-intensive facility projects. Over the past three years, we successfully obtained 26 investment approvals, totaling almost EUR 200 million. Additionally, we conducted extensive sector analyses and performed due diligence on numerous projects. It's unfortunate that we couldn't bring some of the larger investments in our pipeline to fruition.   The war in Ukraine, coupled with rising inflation and interest rate hikes, has significantly impacted large facility investments, causing delays in many pipeline projects. The need for financing climate change and green transition initiatives remains urgent, and this demand will undoubtedly persist. Having worked extensively in international markets, I was particularly struck by the lack of project financing for First-of-a-Kind (FOAK) or even more standard, though risky, greenfield facility projects in Finland. For the sake of Finland’s economic situation, I hope this financing gap will be addressed by other entities.   I want to extend my heartfelt thanks to all our portfolio and pipeline companies, advisors, stakeholders, and colleagues. Your collaboration has been truly rewarding and I hope that out paths will cross in the future. 🌻   Looking ahead, I am eager to continue working within the green tech and sustainability sectors, tackling the complex challenges of impact and green investments. In the next phase of my career, I am open to roles that allow me to leverage my experience, whether in a similar capacity or from a fresh perspective on the corporate side, such as a CFO or advisory role. I'm also open to opportunities abroad.   Please feel free to reach out if your organization could benefit from my expertise.

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#SEB launched #netzero aligned targets for financed emissions in the #shipping sector 🛳 - SEB undertakes to reduce the credit portfolio’s average GHG emission intensity (measured by AER) by 41 % compared to the base year 2022. - The target includes all GHG emissions “from well to wake”, i.e. all emissions associated with the extraction and transport of fuel up to and including combustion in the ships’ engines. - Together with the new target for shipping, 77 % of the bank’s financed emissions in 2022 are thus covered by 2030 net-zero aligned sector targets. 💚

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🌟 Grattis team EQT Nexus för en lyckad leverans såhär långt! 🎂 Då fonden närmar sig sin 1-årsdag hade jag förmånen att få träffa Gustav Segerberg från investeringskommittén i SEB:s studio för en uppdatering & utblick om private equity-marknaden. 😎 Förra sommaren var SEB:s kunder först med att få exklusiv access till EQT Nexus, som ger tillgång till en diversifierad portfölj av EQT-fonder, genom en enda investering . Hos SEB får du tillgång till en mängd intressanta privatägda alternativa investeringar: 🖼️ Från private equity till konst. ⚡️ Från förnybar energi till musik. Och mycket mer. Prata med din rådgivare på SEB Private Banking eller Private Wealth Management & Family Office om du vill veta mer. ----- Detta inlägg är för generell information och utgör inte individuell rådgivning. Investeringar innebär en risk. Historisk avkastning är ingen garanti för framtida avkastning. Värdet på dina fondandelar kan både stiga och falla och det är inte säkert att du får tillbaka hela det insatta kapitalet. Fondens värde kan variera kraftigt, på grund av fondens sammansättning och de förvaltningsmetoder fondbolaget använder sig av.

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Innovation, creativity, legislation and governance, combined will drive higher returns and pensions in the long run

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Today Financial Times published an article about EQT Group and its expansion from niche player to managing €230bn in assets. "This team has been very good in understanding that you have to live with the times," Marcus Wallenberg said. This is one of the Wallenberg Family’s guiding principles, to focus on the future and the concept of renewal. Over the course of Sweden’s modern history, the Wallenberg family has been the main influencer of the country’s industrial, entrepreneurial and banking sphere, partly through its industrial holding company Investor AB, founded in 1916. Inspired by the Wallenberg family’s philosophy of responsible ownership, Conni Jonsson received a mandate from the board of Investor AB to establish EQT in 1994. Still today, Investor AB along with Wallenberg Investments AB are two of the main shareholders of EQT.   Read the article here: https://lnkd.in/d5FYDCDQ   #EQT #PrivateEquity #Wallenberg

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Danske Bank Asset Management still sees opportunities to take part in the ongoing consolidation of the Swedish fund and asset management market despite competitors recently limiting the set of opportunities, Christian Heiberg, head of Danske Bank Asset Management, tells AMWatch.   According to Heiberg, there are still “plenty of opportunities” to swoop in on despite the fact that at least four of the options have been snapped up by others in the past year. Most recently, Norway’s largest banking group, DNB, closed a SEK 12bn (EUR 1bn) deal for Swedish investment bank and asset manager Carnegie Investment Bank. #assetmanagement #investing #fundmanagers #bankingindustry #nordics #sweden #norway #denmark

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The Nordic countries have a long tradition of supporting climate finance and advancing the green transition. This event explores the best climate solutions in finance both in the region and beyond. The Nordic Investment Bank (NIB), Nordic Development Fund (NDF) and Nefco - the Nordic Green Bank pave the way towards a more sustainable world with Nordic financing solutions. This #COP29 event in Baku, Azerbaijan, will foster dialogue on Nordic perspectives in climate finance, structured in two parts. The first dialogue of the session focuses on the green transition in the region, highlighting the Nordic countries’ examples of the green transition is achievable through policies and innovation, leading to a decoupling of emissions from economic growth. By pioneering the "polluter pays" principle, promoting renewable energy, and establishing green financing structures, the Nordics demonstrate that environmental stewardship and economic growth can coexist. The second segment of the event will focus on climate financing beyond the Nordics and the global impact. Given the serious shortfall in climate finance, more efficient mechanisms are needed to mobilise investments, especially in emerging and developing markets. We will present our activities and funding sources—from international public finance to private sector finance—and how these can be blended to achieve climate adaptation and mitigation goals. Speakers: Anne Beathe Kristiansen Tvinnereim, Minister of International Development and Nordic Cooperation of Norway, Mattias Frumerie, Sweden’s Climate Ambassador and Head of Delegation to UNFCCC, Sherri H. O., Climate Policy Researcher at Perspectives Climate Research,  Satu Santala, Managing Director of NDF, André Küüsvek, President of NIB, Ash Sharma, Vice President, Green Transition Special Funds, Nefco, Valerie Hickey, Global Director for Environment, The World Bank, Lise Coermann Nygaard, @Denmark's Youth Delegate to UN on Climate & Environment, Jukka Ahonen, Head of Communications at NIB moderating. #SustainableFinance The Nordic Council of Ministers and The Nordic Council

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🏡 Running a scenario on how increased economic sentiment affects the number of building permits in Sweden 🏡 New residential building is always a hot topic among people, that is why today I created a forecast where I predict the industry for the next 3 months. The leading indicators were taken from our partner Macrobond Financial. What sets this analysis apart is the inclusion of a Scenario Analysis, diving into the potential effects of enhanced consumer sentiment. It promises to offer valuable insights into the evolving landscape of the industry. Some examples of models applied in the multivariate analysis: ☞ Vector Autoregressive ☞ Vector Error Correction ☞ Artificial Neural Network ☞ GRU (gated recurrent unit) ☞ LSTM (long short - term memory) What we saw: ☞ We are entering into a phase of of an uptrend in the beginning of summer ☞ Afterwards we also have a downtrend in the beginning of fall ☞ 10 % increase in economic sentiment leads to a 5 % increase in the number of building permits 📽️Watch the full video the gain a better understanding of the forecast.

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It is perplexing to see a movement actively opposing green battery manufacturing in Sweden. This initiative represents a significant step toward sustainable energy solutions and the fight against climate change. We should be supporting such ambitious projects rather than spreading ill-informed opinions that may hinder progress. Understanding the potential benefits—both environmental and economic—of green battery production is essential. I believe it’s time to unite behind these efforts, as they have the potential to create jobs, foster innovation, and contribute to a more sustainable future. Building up a new industrial sector from scratch is far from easy, and anyone who thought otherwise likely underestimated the scale of the challenge. Developing a new sector requires substantial infrastructure, capital investment, and a workforce with specialized skills. Regulatory frameworks need to be established or adapted, and there’s the constant push to innovate while navigating competitive markets. Moreover, creating a new industry means overcoming skepticism, securing stakeholder buy-in, and convincing investors to believe in long-term potential rather than immediate returns. It’s a process of trial and error, with risks that can derail even the most promising ventures. Unforeseen challenges—whether technological, environmental, or economic—can emerge, adding further complexity to the task. Yet, despite these hurdles, those with vision and resilience know that building a new industrial sector is transformative. It’s about shaping the future, redefining markets, and creating opportunities for growth that didn’t previously exist. No one said it would be easy, but the impact can be extraordinary.

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Thrilled to reflect on a powerful panel discussion at the #MarketsGroup7thNordicsDenmarkInstitutionalForum on "ESG in a Time of Crisis: Energy, Geopolitical, and Social." earlier this week. It was a privilege to join forces with distinguished panelists Quinn Liu and Kiran Aziz, under the expert moderation of David Solomon. At PFA, we champion a three-dimensional approach to #ESGinvesting: Return generation, risk management, and environmental, social, and governance impact. We explored the power of active ownership, including our engagement with #RioTinto to advance their carbon neutrality timeline from 2060 to 2050, and discussed our litigation against Facebook for transparency issues highlighted by the #FacebookPapers. Quinn Liu provided deep insights into the fiduciary responsibilities and potential for returns within sustainable portfolios. Kiran Aziz opened up crucial considerations on the dilemmas faced when index-investing in regions like the Middle East. Great to see that the debate fostered a vibrant discussion that was enriched by thoughtful and pertinent questions from an engaged audience. Such conversations underscore the collective drive towards a more sustainable and transparent investment landscape. #ESG #Sustainability #Investment #PFA #Danica #KLP #MarketsGroup #PanelDiscussion #VanessaOrlarey

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On the big stage today at Investor Day with Mikael Bak, CEO at Danish Shareholders Association, and Bjarne Corydon, CEO and Editor in Chief at Børsen and former Danish Minister for Finance. We discussed world affairs and financial markets after the US election with a focus on Europe’s outlook in terms of trade and geopolitics. The key insight from Corydon was that if the US blends trade policy into the NATO/defence policy then things could get very complicated for the EU. I emphasised European defence and cyber security stocks as segments worth overweighting. Trump policies can also lead to higher inflation, and for longer than most anticipate, so finding quality companies with the power to offset inflationary pressures is also a key objective for investors. Renewable energy stocks will continue to experience a negative sentiment post Trump’s victory and maybe nuclear will soon become an international priority. Back in 2007-2010 when I was running a startup in finance I had many encounters with the Danish Shareholders Association (DSA). The organisation has grown a lot since and it is wonderful to see how big an event DSA can muster in 2024 - shows that Denmark is steadily becoming a nation of investors. #equities

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