Stockholm (HedgeNordic) – Stockholm-based asset manager Norron Asset Management has become a signatory of the United Nations Global Compact, reinforcing the firm’s corporate sustainability commitment. The UN Global Compact represents the world’s largest corporate sustainability initiative.

“By joining the UN Global Compact, Norron is taking another step in the right direction regarding our sustainability work,” said Norron’s CEO, Alexander Zetterquist, in an announcement. “We welcome the positive sustainability development with increased awareness that prevails and with this membership we want to publicly show our stance and actively participate in and contribute to a better world – now and in the future,” he added. The UN Global Compact was founded in July of 2000 with the aim of creating international principles covering the areas of human rights, labour, the environment and anti-corruption.

“As a UN Global Compact signatory, we are a part of a large global network that is committed to sustainability and thus can jointly achieve more by sharing knowledge and ideas as well as collaborating with other organizations,” said Elin Lilja-Wainwright, ESG Manager at Norron. “We want to make a difference both locally and globally and create a sustainable future, and we believe that this is best done by working in a structured way and together with other organizations,” she added.

Norron Asset Management manages three members of the Nordic Hedge Index – Norron Target, Norron Select, and Norron Alpha – in addition to two fixed-income funds and one equity fund.