Good Business
Investor Beating 95% of Peers Digs for the ESG Gems of Tomorrow
- Robur’s Theorell favors biotech firms despite lower ESG rating
- Fund manager works with companies to improve ESG practices
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One of Europe’s top-performing equity managers is investing in targets with less-than-perfect sustainability scores, betting on companies with the potential to boost those credentials in the future.
Henrietta Theorell, whose 26 billion Swedish krona ($3 billion) Swedbank Robur Smabolag Sverige fund is up 42% in dollar terms and 30% in local currency this year, says that environmental, social and corporate governance tallies aren’t flawless and that she looks for companies whose business models can propel them to the top of the ESG ladder in future. To make that happen, she works with her corporates on improving their sustainability.