Asset management industry adapting to climate change : a case study on Nordea AM

• Autor(a) principal: Sorrentino, Giovanni
• Data de Publicação: 2023
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10400.14/41277
• topic: Asset management; Climate change; ESG; Strategy adaptation; Sustainable investing; Gestão de ativos; Mudanças climáticas; Adaptação de estratégia; Investimentos sustentáveis; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

This case study examines the strategies and adaptive measures taken by Nordea Asset Management (NAM) in response to the increasing demand for sustainable investments amid the ongoing climate change crisis. The case delves into how NAM has adjusted its resources, products, and strategies to adapt to rapid shifts and enhance its competitiveness in the asset management industry. The study aims to determine whether NAM should continue focusing on sustainable investing and positioning itself as a leader in the ESG asset management sector. This case follows a pedagogical structure and provides an analysis of the European Asset Management firm and its strategic adaptation, with a particular focus on ESG and the efforts of financial services and regulators to bring about change in the industry. Theoretical concepts and frameworks are used for analysis, and teaching notes are included as a guide for solutions. The study concludes with the recommendation that NAM should continue to differentiate its products and diversify its distribution channels. This recommendation is based on a key element: NAM's resources and dynamic capabilities provide a competitive advantage that have contributed to its status as a ESG leader in the industry, enabling the company to achieve higher rewards; the ongoing Russian invasion makes it difficult to predict how the global situation will evolve and could potentially affect the findings in the teaching notes.