Spotlight on Investors: Mistra
26-Aug-2019 11:38:16 AM
Mistra, the Swedish foundation for strategic environmental research, seeks to promote the development of research for a good living environment and sustainable development. Every year, the foundation invests around US$ 20 million in research initiatives from both the public and the private sector. To fund its grants, MISTRA manages an endowment of about US$ 335 million as at June 30th, 2019.
In its asset management activities, Mistra has the ambition of being a model for other asset owners wishing to further sustainable development. As such, the research foundation only invests for the long term in securities whose issuers' operations relate to the UN SDGs, operate in accordance to the Paris Agreement, do not violate international conventions signed by Sweden, and seek to boost their positive and minimize their negative impacts. All of their assets are managed by external managers which are annually assessed. Furthermore, Mistra has joined investor initiatives such as the Montreal Pledge, the UN PRI, and Climate Action 100+ among others.