# Responsible Investing
**URL:** https://forum.inderes.com/t/vastuullinen-sijoittaminen/78
**Category:** Sijoittaminen
**Tags:** vastuullinen-sijoittaminen, loudspring, wärtsilä, neste
**Created:** [May 21, 2018, 6:26am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78 "2018-05-21T06:26:05Z")
**Posts on this page:** 20
**Page:** 4
### Author:  [@Ripetirip](https://forum.inderes.com/u/Ripetirip)
#### Post date: [November 2, 2018, 11:20pm UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/61 "2018-11-02T23:20:39Z")
I invested some of the money I made from Norwegian into Tesla when the stock was priced at two and a half hundred dollars, and it went so well that I’m almost interested in investing more in something that improves the world. However, I haven’t really found any good targets. There haven’t really been any low-cost ETFs focused on renewable energy/nuclear power, so I’m wondering if I should just do it with direct stocks. I was thinking of buying First Solar, but I don’t know. Maybe I should just stop since my first stock-picking was such a quick win. Usually, I just buy index funds; the only thing I’m interested in investing in directly is something related to sustainable development.
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### Author:  [@gravytrainer](https://forum.inderes.com/u/gravytrainer)
#### Post date: [November 2, 2018, 11:50pm UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/62 "2018-11-02T23:50:32Z")
Well, according to the thread title, “responsible investing” certainly seems to be incredibly difficult. What all should one consider in it? I can confess to being quite naive in this tricky matter. Example 1: in the summer, I divested from my Stora Enso position (which, from a financial perspective, was a poor investment decision), after gaining a bit more information about, among other things, the land acquisition practices of Brazilian subcontractors. I don’t like it when indigenous people are oppressed, rainforests are cut down, and replaced with commercial forests. Example 2: I bought Loud shares based on the idea of supporting wonderful technology-assisted ecological projects, for example, on the African continent (and, according to Inderes’ view, profitable ones at that 😊). In the latter case, I quickly got rid of the shares when it became quite clear that it was a scam and some kind of riding the wave.
It seems that in a highly competitive situation, it is very challenging for a company to both succeed financially and adhere to some ethical line. But how many companies can one even find on the stock exchange that even try to do such a thing? Is it even worth spending one’s limited time looking for such companies? Example 3: my second-largest holding currently is Nokia. As I understand it, they are currently trying to sell off the submarine fleet they acquired as a side product in the Alcatel-Lucent deal, of course, to the highest bidder. In my naive mind, the thought screams: “Don’t sell submarines; you don’t necessarily need them to lay cables on the seabed; instead, harness them for research and thereby participate in Saving the World.” Hey, how many companies just happen to have submarines 😊. Example 4: this week, I bought Nokian Renkaat (Nokian Tyres), simply because it was in a good dip. I didn’t waste a minute trying to find out whether this quality company intends, for example, at its upcoming US factory, to aim for rubber (a dwindling natural resource) recycling or not.
So. I see the future of the stock market as very bleak in the medium term. Well, currently, the stock weighting of my portfolio is about 120%, but that’s only because it’s the turn of the year and the climax of the rally, and now is the time to take out the empties before the shit truly hits the fan. Selling soon!
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### Author:  [@gravytrainer](https://forum.inderes.com/u/gravytrainer)
#### Post date: [November 3, 2018, 3:47am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/63 "2018-11-03T03:47:31Z")
> [@Ripetirip](#):
>
> Maybe I should just stop now that my first stock-picking was such a quick win. Usually I’ve just bought index funds,
Sounds like a good idea 🙂 So stop while you’re ahead.
I suggest an immediate halt to speculation, right here…
And by no means start buying any index or ETF funds. They are ridiculously expensive in this day and age. Stay cash
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### Author:  [@TursKari](https://forum.inderes.com/u/TursKari)
#### Post date: [November 3, 2018, 6:14am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/64 "2018-11-03T06:14:45Z")
> [@g3235286](#):
>
> Do you think that previous models did not take into account that increase in heat?
I don’t.
> [@g3235286](#):
>
> Now, the issue was the amount of heat energy bound in the oceans, and that has now been estimated to be greater than before. It may well be that corrections have also been made to the speed of warming. However, most of that 60% measured increase in heat is due to a technical measurement reason.
If one bothers to delve into the material for a minute, one easily notices that the study in question _specifically_ stated that the speed of warming was too low in, for example, the latest IPCC report.
> The IPCC Fifth Assessment Report gives a ∆OHC of 0.80×10^22 J/yr for 1993–2010, which is about 0.5×10^22 J/yr lower than the ∆OHC that is compatible with both APO and hydrographic constraints.
So the rate of warming was corrected to be 62.5% higher. Due to this, the oceans have warmed approximately 60% faster than assumed during the period under review, and thus 60% more thermal energy has been bound in them than estimated. This additional heat has therefore been bound in the oceans in recent decades, and did not just appear due to more precise measurements.
I won’t even start arguing about human involvement in this, or we’ll immediately be in the situation @gravytrainer so aptly described. The difference, of course, is that there is probably less peer-reviewed scientific research on the probability of angels existing than on human’s contribution to global warming.
I will just say generally that it is incomprehensible how we are still in a situation with this phenomenon, known for decades, where we have a small and vocal, but almost without exception poorly informed group that refuses to believe in science.
Fortunately, the result is at least a bunch of funny protest signs, which balances things out a bit:
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### Author:  [@Ripetirip](https://forum.inderes.com/u/Ripetirip)
#### Post date: [November 3, 2018, 10:12am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/65 "2018-11-03T10:12:12Z")
Was that some kind of passive aggressive remark or what was the idea there? At least I didn’t get anything out of the comment, but thanks. I didn’t mean to stop investing, but to stop buying stocks on a whim, even though the first one hit so nicely.
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### Author:  [@gravytrainer](https://forum.inderes.com/u/gravytrainer)
#### Post date: [November 3, 2018, 4:08pm UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/66 "2018-11-03T16:08:26Z")
I didn’t mean to be sarcastic, my comment was admittedly completely useless. I sincerely congratulate you on getting lucky with Tesla - I wouldn’t dare to invest in it myself. I don’t consider Tesla to be a particularly responsible or world-improving company. I’m sure all car manufacturers now have electric cars in their range. I also wish you luck in your future stock picks, it’s needed in these strange times.
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### Author:  [@g3235286](https://forum.inderes.com/u/g3235286)
#### Post date: [November 3, 2018, 7:31pm UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/67 "2018-11-03T19:31:31Z")
> [@TursKari](#):
>
> So the rate of warming was corrected to be 62.5% higher. As a result, the oceans have warmed approximately 60% faster than assumed during the review period, and have thus absorbed 60% more thermal energy than estimated. This additional heat has therefore been absorbed by the oceans in recent decades, and did not just appear due to more precise measurements.
However, this was reported as if the ocean’s thermal energy was 60% greater than previously thought. So, only the rate of change is 60% greater. There’s a significant difference there. Such a 60% difference in thermal energy in seawater would, of course, be absurd and naturally couldn’t even be true. Especially if all thermal energy were assumed as the starting value, and not just some defined zero point. Perhaps news agencies set the situation at the beginning of this study as the zero point, but it certainly would have been worth mentioning 😃
For some reason, I fell into the trap of imagining that the conclusions of studies read in the news were correct without thinking about them more closely. For example, Yle reported this as: “According to new research data, oceans have stored 60 percent more heat than previously thought.” In reality, 60% more is being stored there, not that 60% more has been stored there. The situation could, of course, be saved by adding the study’s time period to the end of Yle’s sentence.
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### Author:  [@Ripetirip](https://forum.inderes.com/u/Ripetirip)
#### Post date: [November 3, 2018, 11:43pm UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/68 "2018-11-03T23:43:36Z")
Yep. And when Apple made a touchscreen phone, other manufacturers already had touchscreens. Quite an analysis 😃 And if Tesla hasn’t advanced electric cars and thus sustainable development, I don’t know what has. There aren’t really any other companies with such a clear climate change mission? That’s what I was mainly thinking about.
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### Author:  [@Verneri\_Pulkkinen](https://forum.inderes.com/u/Verneri_Pulkkinen)
#### Post date: [November 13, 2018, 10:52am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/69 "2018-11-13T10:52:07Z")
Nordea Markets has a good report on energy markets [Nordea | leading Nordic universal bank | Nordea](https://nordeamarkets.com/wp-content/uploads/2018/11/ESG-Resesarch_091118.pdf)
Renewable energy is already competing competitively against fossil fuels and the “renewable revolution” is real. However, more action is needed to combat global warming.
Companies stuck with oil and gas will be in trouble in the long run.
Global warming is becoming humanity’s biggest gamble:
…but renewables are increasing rapidly, even though their share of the total is still modest.
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### Author:  [@Masse](https://forum.inderes.com/u/Masse)
#### Post date: [November 13, 2018, 11:04am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/70 "2018-11-13T11:04:34Z")
And besides these Verneri-style articles, I’m supposed to read Tekniikka&Talous and other publications? No way! Hier ist allest.
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### Author:  [@Joshua\_Burguete-Kirk](https://forum.inderes.com/u/Joshua_Burguete-Kirk)
#### Post date: [November 23, 2018, 10:28am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/71 "2018-11-23T10:28:01Z")
Hello everyone.
I was given a link to this forum about responsible investment by Inderes so that I could share with you all an opportunity to join the Loudspring team in Helsinki on Tuesday evening for a special event about smart cities and how they are part of the problem and solution when it comes to climate change.
Speakers include:
- Tiina Kähö - Smart & Clean Foundation, Executive Director
- Mika Hakosalo - Local Governments for Sustainability Europe - GrowSmarter Initiative
- Olli Parkonnen – Business Development Nuuka Solutions
- Dr Joonas Merikanto - Finnish Meteorological Institute, Climate System Modelling.
There will be some complimentary drinks and food also and you can join us by following the link to this registration page:
[http://ow.ly/yJWH30mrS41](http://ow.ly/yJWH30mrS41?fbclid=IwAR1Noq7FQ7sY0mbqz6wepnV-syxFz6gmBRYL9ENS1p2YNaAipzcM7_vJeZY)
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### Author:  [@Yu\_Gong](https://forum.inderes.com/u/Yu_Gong)
#### Post date: [November 23, 2018, 11:34am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/72 "2018-11-23T11:34:09Z")
Wellcome to the forum @Joshua_Burguete-Kirk ! Awesome to have you here with us! 🙂 Joshua is the Communications Director of Loudspring for those who didn’t know. See you guys at the event! 😘
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### Author:  [@Verneri\_Pulkkinen](https://forum.inderes.com/u/Verneri_Pulkkinen)
#### Post date: [December 3, 2018, 7:28am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/73 "2018-12-03T07:28:59Z")
Shareholders got their way and management incentives will be tied to reducing the carbon footprint: 👏🏻
[https://www.ft.com/content/de658f94-f616-11e8-af46-2022a0b02a6c](https://www.ft.com/content/de658f94-f616-11e8-af46-2022a0b02a6c)
_“Royal Dutch Shell will set carbon emissions targets next year and link these to executive pay, reversing its chief executive’s opposition and following intense pressure from shareholders who want fossil fuel companies to take greater responsibility for their contribution to global warming. Investors such as the Church of England and Robeco have pushed Shell to make firm commitments to cut its carbon footprint, saying last year’s announcement of a long-term “ambition” to halve carbon emissions by 2050 did not go far enough.”_
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### Author:  [@M11](https://forum.inderes.com/u/M11)
#### Post date: [December 4, 2018, 8:54am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/74 "2018-12-04T08:54:46Z")
Where can I share this news, where can I share this news? I’ll put it here, as Stora didn’t seem to have its own thread.
Great Finland! Waiting for Sulapac’s listing. 🙂
> **[Meret roskaaville muovipilleille loppu: Sulapac ja Stora Enso kehittivät...](https://www.talouselama.fi/uutiset/a/6563c860-da07-3055-8f5c-b0f40c30e568?fbclid=IwAR3YXnwLdPoUlzrAb1yc1tijoLCwZC1c9NhPjHcVr7K7F5aBvTiM9hm0lAE)**
>
> Biohajoavan pillin massavalmistus alkaa keväällä. Slushissa yhtiö kertoi myös saaneensa sijoittajaksi luksusbrändi Chanelin.
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### Author:  [@Peskaparse](https://forum.inderes.com/u/Peskaparse)
#### Post date: [December 16, 2018, 10:43am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/75 "2018-12-16T10:43:52Z")
> **[Ilmastoneuvottelut kivihiilikaivosten varjossa, uhka vai mahdollisuus? 5...](https://yle.fi/a/3-10556177)**
>
> Toimittajamme seurasi ilmastoneuvotteluja Katowicessa. Ne päättyivät keskellä yötä sopuun Pariisin ilmastosopimuksen säännöistä. Mitä kokouksesta jäi käteen?
“The biggest shock of the meeting came at the end of the first week of negotiations, when Saudi Arabia refused to acknowledge the significance of the IPCC report. The oil-rich country brought three others with it: the United States, Russia, and Kuwait.”
This behavior from major countries is concerning..
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### Author:  [@Verneri\_Pulkkinen](https://forum.inderes.com/u/Verneri_Pulkkinen)
#### Post date: [January 31, 2019, 2:48pm UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/76 "2019-01-31T14:48:53Z")
I noticed this tool at Blumma for monitoring water levels:
Global warming is beginning to have an increasingly concrete negative impact on the economy as well.
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### Author:  [@Rauta](https://forum.inderes.com/u/Rauta)
#### Post date: [February 13, 2019, 8:52am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/77 "2019-02-13T08:52:38Z")
Interesting article on p2x (although there have been several articles in the media before):
[https://www.tekniikkatalous.fi/tiede/tutkimus/loppu-fossiilisten-polttoaineitten-kaivamiselle-lappeenrannassa-tehdaan-raaka-aineita-ilmasta-6757729](https://www.tekniikkatalous.fi/tiede/tutkimus/loppu-fossiilisten-polttoaineitten-kaivamiselle-lappeenrannassa-tehdaan-raaka-aineita-ilmasta-6757729)
The topic and potential industrial applications may affect several Finnish listed companies in the future.
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### Author:  [@N.K](https://forum.inderes.com/u/N.K)
#### Post date: [March 7, 2019, 2:41pm UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/78 "2019-03-07T14:41:18Z")
I came across this on Twitter (thanks to Mirko Hurmerinta, Sampo IR, [https://twitter.com/MirkoHurmerinta](https://twitter.com/MirkoHurmerinta))
namely, the Norwegian Oil Fund’s investments
[https://www.nbim.no/en/the-fund/holdings/holdings-as-at-31.12.2018/?fullsize=true](https://www.nbim.no/en/the-fund/holdings/holdings-as-at-31.12.2018/?fullsize=true)
From there, you can easily see on the map what kind of investments/holdings are in which country.
For example, Marimekko
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### Author:  [@Rauta](https://forum.inderes.com/u/Rauta)
#### Post date: [March 13, 2019, 2:02pm UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/79 "2019-03-13T14:02:12Z")
> **[Ilmarinen lähti kehittämään omaa etf:ää – ei ollut tyytyväinen ESG-rahastoihin](https://www.kauppalehti.fi/uutiset/a/90b9173e-1ef5-4b49-b293-f0f11e36a7e2)**
>
> Uusi passiivirahasto seuraa Yhdysvaltojen osakemarkkinoiden ESG-indeksiä.
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### Author:  [@samar](https://forum.inderes.com/u/samar)
#### Post date: [June 12, 2019, 10:53am UTC](https://forum.inderes.com/t/vastuullinen-sijoittaminen/78/80 "2019-06-12T10:53:07Z")
I interviewed Tiina Landau, co-author of the book “Exceeding Returns on Investments with Responsibility,” for the blog. Can responsible investing achieve excess returns? What is the difference between ethical investing and responsible investing? What is the best way to influence the affairs of a company you own, and what practical tips are there for responsible investing?
Blog post at:
> **[Tiina Landau, voiko sijoittamalla vastuullisesti saavuttaa ylituottoa? -...](https://rahasampo.org/tiina-landau-voiko-sijoittamalla-vastuullisesti-saavuttaa-ylituottoa/)**
>
> Haastattelussa Vastuullisuudesta ylituottoa sijoittamiseen kirjan toinen kirjoittaja Tiina Landau. Miten sijoittaja voi ottaa vastuullisuuden huomioon?
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