the swedish foundation for strategic environmental research
supporting research of strategic importance for a
good living environment and sustainable development

Executive Director

Highlights 2016

Funded research

Interview with the Chair of Mistra

Mistra in figures

Managing Mistra’s capital


Year 2016 at Mistra


Mistra in figures

Funds disbursed by Mistra: 0 million kronor

Total to Swedish
recipients, SEK m
Total to foreign
recipients, SEK m

Disbursements in SEK m, by recipient

Disbursements in SEK m to the five largest recipients

Five largest recipients
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Avsnitt 1Åke IverfeldtMistra’s CEO
Åke Iverfeldt
on the past year Several of our calls and awards have I feel been very well timed to fit in with the changes we’ve seen in the world around us in the past year. You get windows of opportunity opening up, and that’s when you need to be there with a research programme or a call for proposals to match that window. Mistra has launched several highly topical research programmes in 2016. One of them is Mistra Geopolitics. We started work on it in the face of the migration movements in Europe, and it became even more relevant, geopolitically and in security terms, with the discussion about the transatlantic axis and the future of NATO. Clearly, this is a programme that comes at just the right time. Another of our programmes is about making financial systems sustainable – Mistra Financial Systems. During the year we awarded the Stockholm School of Economics funding for a programme on the financial system. We felt that now or never was the time to get research under way – it was now the user community was ready to take in information. There’s a shortage of information, but also a widely expressed need for evidence to guide decisions, for instance data on how climate affects financial investments. That’s made clear by the fact that the G20 countries have identified climate as a risk to financial stability. A third is concerned with how Sweden is to achieve its climate goals by 2045 – Mistra Carbon Exit. We now have a research programme to look at how these goals are to be reached. The goals have been set and a structure to monitor progress towards them is in place, but how are they to be achieved? This is a very exciting programme. To me, the new Climate Act and the goals that have been set are a positive challenge. That’s how I think this should be seen – as a chance for Sweden to develop on the basis of what we see as our goals for the future. It’s a challenge that will definitely drive innovation, and we want to help support that innovation. In 2016, funding was also awarded for programmes on mobility, smart materials and sustainable use of plastics. In addition, there has been a new focus this year on closer cooperation between Mistra’s research programmes. What we are doing now is making sure, with our new programmes, that it’s written into their agreements that they have to work together. But the question then is who you are to work together with. How should we divide our programmes into thematic areas? I’m sure we’ll see overlap here, rather than separate silos. Sometimes a programme may turn up under several themes, or you may get completely different combinations, depending on your perspective. This gives us better strategic control of what we’re trying to do. Under its Statutes, Mistra is to promote a better living environment – but how can that be measured? We’ve tried to put more emphasis on this during the year, so already at the call stage we ask applicants to tell us how they intend to measure the outcome and impact of their work. You get outputs from a research project – findings, publications and so on. These generate an outcome, which in turn has an impact on society. In fact, it’s the impact on society that our Statutes are talking about when they define the purpose of Mistra. How has the Foundation done financially in 2016? It’s been a good year, and if we go back five years we see that there’s been an average annual return on our capital of 10 per cent. This is money that’s very important for research – it means we can fund this kind of research for longer, or provide higher levels of funding. We feel that this year we’ve created a very well-balanced portfolio that will withstand setbacks such as economic crises, without our losing too much of our capital. But the portfolio also has to be environmentally sustainable. I’d say that we’ve been among the world leaders when it comes to managing our assets in a sustainable way. In 2016 we did a lot more work with a toolbox to guide our fund managers in a sustainable direction. I have to say, though, that that’s relatively easy, because we’ve chosen managers who have a focus on sustainability. It’s very much a matter of trust and dialogue, and when difficulties arise in a company or with other investments, we can have a constructive dialogue about them. Above all, we want to choose companies with the potential to help find solutions, for example when it comes to moving towards the 2 °C target or meeting the UN’s Sustainable Development Goals. Åke Iverfeldt,
Mistra’s CEO
Avsnitt 2 Januari: Mistra supports newly arrived graduates To help refugees establish themselves in Sweden, Mistra now offers individuals with an academic background trainee placements on its research programmes. Februari: Conference to sum up forestry research The Future Forests programme presented the results of eight years of research, highlighting among other things a need for greater consensus in the forestry sector. SEK 30m for a sustainable financial sector Funding was awarded for a new research programme led by the Stockholm School of Economics, to explore what part the financial system can play in achieving a more sustainable society. Mars: SEK 45m for plastics in a sustainable society Mistra awarded funding for a programme to study sustainable ways of making and using plastics, led by Lund University. Mistra Indigo stakes out way ahead on climate Mistra Indigo summed up its research at a conference on the interaction between international and Swedish efforts to tackle climate change. April: Seminar on biotechnology in sustainable agriculture Mistra Biotech presented findings on the contributions new potato varieties, nitrogen-efficient crops and other biotechnology can make to food production. Mistra’s Executive Director in two major futures studies Over the past year, Åke Iverfeldt has been a member of two prominent groups of experts discussing Sweden’s competitiveness and sustainable business opportunities. Better understanding of wetlands as a nutrient sink A systematic review by Mistra EviEM showed that wetlands are effective traps for nitrogen and phosphorus, provided that the flow of water through them is reasonably low. Maj: Mistra researchers get a chance to network abroad Under the Mistra Fellows scheme, two researchers have now been given the opportunity to work abroad, on Arctic issues in Washington DC and on sustainable markets at the OECD in Paris. Juni: Six projects get SEK 20m from Mistra Innovation Projects on air pollution, new lubricants, and recycling of brass and low-energy bulbs received funding of SEK 20 million through Mistra Innovation. SEK 40m to KTH for work on smart mobility A new Mistra programme aims to develop a better understanding of integrated services to facilitate sustainable mobility and transport. Juli: Johan Söderström from ABB new Mistra Chair Johan Söderström took up his position as the new Chair of the Mistra Board. With his background, he hopes to develop Mistra’s work on industrial applications of research. Scientists critical of EU proposal on endocrine disrupters In an open letter, researchers drew attention to shortcomings in an EU proposal on endocrine-disrupting chemicals and presented a risk assessment method originating in MistraPharma. Mistra researchers attend Almedalen Week Representatives of several of Mistra’s programmes were in Visby to discuss issues such as sustainable lifestyles, new threats to forests, and wise approaches to climate change. Augusti: International conference on evidence-based environmental management For the first time, the world’s experts on environmental systematic review met for a conference in Stockholm hosted by Mistra EviEM. September: New anthology on making Sweden climate-neutral A book from Mistra and the All Party Committee on Environmental Objectives, in which experts give their views on what kind of climate policy Sweden needs to pursue, was presented to the Minister for the Environment. SEK 45m call on sustainable consumption Mistra plans to fund a new interdisciplinary research programme to show how high quality of life can be combined with sustainability. Oktober: Bioeconomy workshop ahead of new initiative High-rise wooden buildings, biorefineries and digitisation were among the options for the future discussed by forestry sector representatives at a workshop hosted by Mistra. Mistra researchers at global urban development event Several researchers involved in Mistra programmes were among the 40,000 delegates at a UN conference on urban development, keen to play their part in promoting sustainable and just cities. November: New Mistra Professor of Sustainable Markets Mette Morsing was appointed to the Mistra Chair of Sustainable Markets, a newly established professorship at the Stockholm School of Economics. Major conference on uncertain Arctic future Researchers from Mistra Arctic Sustainable Development and the Stockholm Resilience Centre presented the threats facing the Arctic and options for the future. December: SEK 80 million to show how challenging climate goals can be met An international consortium headed by IVL Swedish Environmental Research Institute is to run Mistra’s new climate research programme. New programme on geopolitics and sustainable development A better evidence base on how geopolitics affects sustainable development is the aim of a new research programme with Mistra funding of SEK 48 million. New research programme on smart materials Mistra funding of SEK 51 million over four years has been awarded for research on methods and materials with the potential to remove environmentally harmful substances from air, water and soil. Avsnitt 3Mistra möter Behov av kunskapsbroar mellan akademi, kommun och näringslivBetydelsefulla nätverk, viktig kunskap och perspektiv på forskning som leder till tillämpning. Här delar tre tidigare Mistraforskare, som idag verkar inom näringsliv och offentlig sektor, med sig av hur deras forskarbakgrund gör nytta utanför akademin. Rajni Hatti-Kaul om engagemang, medvetenhet och akademinProfessor Rajni Hatti-Kaul tänker ständigt på gapet mellan rika och fattiga länder. På hur hon kan bidra till en ökad miljömedvetenhet. Flytten från Indien till Sverige, miljöengagemanget och livet inom akademin har gett henne erfarenheter som hon tänker använda för att skapa mer praktisk förändring. Gensaxen ger nytta för miljö och människa – lagstiftning hindrarGensaxen har fått stor uppmärksamhet sedan årets Nobelpris i kemi offentliggjordes. Inom Mistra Biotech har forskarna använt metoden för att utveckla potatissorter som kräver mindre kemikalie- och energianvändning samtidigt som de får ökad mögelresistens och optimerad stärkelsekvalitet. Men för att nå marknaden och främja ett mer hållbart jordbruk behöver EU:s lagstiftning förtydligas. Banar väg för ett hållbart svenskt livsmedelssystemNu har startskottet för Mistra Food Futures gått. Forskningsprogrammet kommer att arbeta fram mål för vad det svenska livsmedelssystemet behöver uppnå till år 2045 för att vara ekonomiskt-, socialt- och miljömässigt hållbart. Programchef Helena Hansson, professor vid SLU, berättar om internationell inspiration, känslor och engagemang runt mat samt vad hon ser som programmets största utmaning. “Rika människor behöver utveckla en känsla av tillräcklighet”När vi pratar hållbar konsumtion behöver vi också våga prata om minskad konsumtion. Det anser Åsa Callmer, som skrivit sin doktorsavhandling inom forskningsprogrammet The Seed Box. Hon har studerat begreppet tillräcklighet – att känna sig förnöjsam med vad man har och ta steget mot en rättvist fördelad resursanvändning inom de planetära gränserna. Maria Wetterstrand ska ge svenska företag insyn i EU-politikenHon provoceras av resursslöseri. Engageras av positioner där hon kan göra reell skillnad. Och räds inte att pusha företag mot ett mer ambitiöst hållbarhetsarbete. Möt Maria Wetterstrand som med ny bas i Bryssel ska ge svenskt näringsliv större insyn i EU:s miljö- och klimatpolitik. Avsnitt 4 Mistra’s research initiatives Read more about Mistra's research initiatives from the Foundation's inception to the present day. Programmes marked in blue are in progress, while those marked in green have been completed. For every programme, you can find more information below about its content and what happened during the year under review. Misum miusm.jpg – Mistra Center for Sustainable Markets. The aim of “Responsible Consumption and Production” by the year 2030 is among the most challenging of the global Sustainable Development Goals, not least for Sweden with our high, largely import-based consumption. But our composition, with researchers and a variety of stakeholders, is well judged for the purpose of devising practical means to this end. Their solutions will help to bring about a sharing economy, resource efficiency, use of recycled and recovered materials — and sustainable business models that pave the way for business and entrepreneurship. https://www.mistra.org/en/research/misum-the-mistra-centre-for-sustainable-markets/ 2015–2024 SEK 120 million Stockholm School of Economics · Phase 1 of Misum started, with new platforms. Martina Björkman Nyqvist became the Centre’s new director, Viveka Hirdman-Ryrberg its new Board Chair and Maya Rebermark the new Stakeholder Engagement Director. · Misum’s Annual Forum 2020 on the theme of ‘Are inequalities rising and green investments declining due to Covid-19?’ was held. · Misum’s Emma Sjöström participated in a meeting with the Swedish National Innovation Council, where she discussed such matters as how policy can contribute to long-term sustainable financial markets. The Seed Box seed-box.jpg A Mistra–Formas Environmental Humanities Collaboratory In a world where the effects of climate change are increasingly evident, nature can no longer be thought of as separate from culture. We are in a new geological epoch, the Anthropocene, marked by far-reaching human influence on the earth and its geological development. Humanities research, redefined and based firmly in the real world, is called for. It must be capable of encompassing nature and ecological contexts, social differences and ethics, creative relationships and political identity processes. https://www.mistra.org/en/research/the-seed-box-an-environmental-humanities-collaboratory/ 2015–2022 SEK 32 million Linköpings University · In November, ‘Experimental Zone 1’ was held. This was the first in a series of events organised by a group of researchers and artists at Linköping University, designated the Bureau for Alternative Methodologies (BAM),. The event was broadcast in digital form and held with support from The Seed Box and LiU (Linköping University) Humanities. · Several participants in The Seed Box took part in Konstdygnet, a digital event where artists, researchers and philosophers made a joint effort to reflect on the months that changed the world. The 24-hour art event, arranged by Sörmland County Museum, was based on Åsa Elzén’s exhibition Träda — Fogelstadgruppen och jord. · In September, The Seed Box joined in the seminar Vad, vem och varför? Forskning om forskningskommunikation i Sverige (‘What, Who and Why? Research on science communication in Sweden)’. This seminar was held by the Swedish Research Council jointly with Public & Science (VA) and Linköping University. The panellists included The Seed Box Programme Director Victoria Wibeck and Jesper Olsson, former Programme Director and one of the research leaders. Mistra STEPS plast_low.jpg – Sustainable Plastics and Transition Pathways This programme aims to develop plastics based on biological feedstocks. In Sweden, forests are a conceivable source of raw materials, while in other parts of the world they could come from agricultural products or algae. The transition to biobased production should be guided by systems thinking, taking account of factors such as energy consumption and the use of various additives. https://www.mistra.org/en/research/steps-sustainable-plastics-and-transition-pathways/ 2016–2024 SEK 95 million Lunds University · On 1 September, Mistra STEPS embarked on Phase 2. · From 10 to 27 September, the outdoor exhibition Materiality & Aggregation, a collaboration between research and design, was displayed at the Form/Design Center in Malmö. With its dreamlike artwork, it set out to arouse curiosity and thereby spread knowledge about plastic. · A sustainable and resource-efficient process to produce a sugar-based plastic building block was developed. It has also been used to produce polyurethane fibres. The option of spinning and chemically recovering the fibres was demonstrated. Mistra SAMS SAMS.jpg – Sustainable Accessibility and Mobility Services This programme will on the one hand generate knowledge in the area of mobility and accessibility, and on the other use that knowledge to work with other stakeholders to develop sustainable mobility and accessibility solutions with the potential to make a difference in society. Programme partners include several cities, other municipalities and companies. https://www.mistra.org/en/research/mistra-sams-sustainable-accessibility-and-mobility-services/ 2016–2024 SEK 85 million KTH Royal Institute of Technology · Mistra SAMS continued to receive research funding, which was awarded for a second phase, from 2021 to 2024. · Jointly with party colleagues from Botkyrka Municipality, Sweden’s Minister for Financial Markets and Housing, Per Bolund, visited the Mistra SAMS Living Lab, with its work hub, in Tullinge. · Mistra SAMS appeared on the Royal Swedish Academy of Engineering Sciences’ 100 List. Mistra REES REES.jpg – Resource-Efficient and Effective Solutions Mistra REES is seeking to develop principles, methods and guidelines that will serve as a basis for resource-efficient products, services and business models. Another aim is to propose policy instruments and packages that will promote the transition to a more circular economy. https://www.mistra.org/en/research/mistra-resource-efficient-and-effective-solutions-rees-based-on-circular-economy-thinking/ 2015–2023 SEK 89 million Linköpings University · Despite the prevailing COVID-19 pandemic, interest in Mistra REES among companies and the community, and in its sphere of activity, is greater than ever. During the year, we partnered with several of Sweden’s leading companies through our consortium agreement for Phase 2. · Mistra REES actively contributed knowledge to, for example, Sweden’s and the EU’s action plans, as well as international standards for a circular economy. · Mistra REES was placed on IVA’s 100 List of current research projects with the potential to generate benefits. Mistra Financial Systems financial-systems.jpg This programme aims to show how financial markets and operators can contribute to a more sustainable society, in areas ranging from environmental impacts of the economy and financial stability to efficient financial services. The results will support both private and public decision-making, as well as providing a basis for reforms and regulation of the financial sector. https://www.mistra.org/en/research/mistra-financial-systems/ 2016–2020 SEK 30 million Stockholm School of Economics · After five intensive years’ research on the role of financial markets in the transition towards a more sustainable society, Mistra Financial Systems (MFS) was completed at the end of 2020. Work at the Stockholm School of Economics, Lochlann Quinn School of Business of University College Dublin, KTH Royal Institute of Technology, Stockholm Resilience Centre and Stockholm Environment Institute, had resulted in 105 academic publications and working papers, more than 100 conference participants and contributions to educational events and more than 300 other outreach events. · Researchers were cited in publications such as the New York Times and Dagens Nyheter, and on the BBC News. · MFS held a three-part series of webinars to convey research highlights: Decarbonisation and sustainable investments; Systems thinking, tipping points and the future of sustainable finance; and Shades of green: sustainable investments, financial literacy and innovation. Mistra Environmental Nanosafety nanosafety2.jpg Nanomaterials are being used in more and more areas, and have many properties that could contribute to sustainable development. At the same time, there are significant gaps in our understanding of their environmental characteristics. This programme offers an interdisciplinary research environment that will generate new knowledge, identify new applications and help ensure safe use of nanotechnology. https://www.mistra.org/en/research/mistra-environmental-nanosafety/ 2014–2023 SEK 90 million Lund University · In May, an impact-themed conference was held. It was led by Chalmers University of Technology and implemented in collaboration with SIO Grafen, a national strategic innovation programme supporting industrial graphene development in Sweden. · During the autumn programme meeting, the focus was on junior researchers and students. All the PhD and postdoctoral students gave a presentation and described the methods and analyses they use. The aim was to emphasise the wide-ranging skills available in the programme and to enhance collaboration among the work packages. This was followed up with virtual coffee break — an occasion resembling online speed dating. · Programme participants took part in a national waste conference on research and knowledge about disposal, recovery and destruction of nanomaterials. Several waste companies that will soon be tasked with disposing of nanoparticles in flue gases and leachate participated. Mistra Arctic Sustainable Development nat72466-Arctic-dev-utlysning.jpg Climate change, growing political interest and new technology for extracting natural resources are intensifying conflicts among various stakeholders regarding future directions in the Arctic. Historical development in the region also affects the decisions made. The programme’s research is intended to boost knowledge of the situation in the region and show ways forward that can contribute to sustainable development. https://www.mistra.org/en/research/mistra-arctic-sustainable-development/ 2014–2018 SEK 30 million Umeå University · Avslutad AquaAgri matmc_va10622-Akvakultur.jpg – Efficient, sustainable production systems in aquaculture and agriculture This thematic programme is aimed at learning more about how to achieve higher agricultural yields with reduced environmental impact, and how to develop sustainable fish farming and other aquaculture. Research takes place in several research environments where strategies, technology and ideas for efficient, sustainable cultivation and animal breeding are being developed. The initiative is being implemented jointly with the Swedish Research Council Formas and the Swedish Farmers’ Supply and Crop Marketing Organisation’s research foundation. https://www.mistra.org/en/research/aquaagri-efficient-sustainable-production-systems-in-aquaculture-and-agriculture/ 2014–2018 SEK 32 million Vreta Kluster, a business park for green industry · Avslutad Mistra Innovation innovation.jpg Small and medium-sized companies (SMEs) may have good ideas for environmentally sound products and services, but often lack in-house research resources. The programme gave these companies a chance to develop their innovative ideas in collaboration with higher education institutions and research institutes. Research focused on areas regarded as highly important to the competitiveness of Swedish industry. https://www.mistra.org/en/research/mistra-innovation/ 2012–2019 SEK 88 million Mistra · Avslutad Mistra Closing the Loop CLosing-the-loop.jpg Better use of industrial wastes through effective recovery of materials is one way of ‘closing the loop’ in society. This research programme aims to develop more efficient methods of recovering materials such as metals, chemicals and plastics, as well as electronic and other complex products. It is designing ways of both identifying resources and recycling them back into industry. https://www.mistra.org/en/research/mistra-closing-the-loop/ 2012–2019 SEK 88 million RISE Research Institutes of Sweden · In March, Mistra Closing the Loop held its final seminar. The message was clear: now is the time; the timing is perfect for taking the next step towards an increased use of recovered and recycled materials. There were some 70 attendees, representing stakeholders from the programme, industry and government agencies. · In November, Investor Brief: Recycled Materials for Sustainable Investments was published. Its purpose is, based on research, to boost investors’ collective knowledge of sustainable investments in recycled raw materials. Mistra Biotech BIotech-3_Anna_Lehrman.jpg Future food production must combine higher yields with reduced environmental impact and use of natural resources. The programme takes a holistic approach to biotechnology in agriculture and food production. It covers reducing the need for fertilisers and boosting resistance to diseases, as well as new innovations meeting high demands on safety and ethics. https://www.mistra.org/en/research/mistra-biotech-biotechnology-for-sustainable-and-competitive-agriculture-and-food-systems/ 2012–2019 SEK 94 million Swedish University of Agricultural Sciences (SLU) · The programme was completed during the year, and results and activities are summarised in Biotechnology for Sustainability, the Final Report from Mistra Biotech 2012‒2020. Mistra EVIEM default.jpg Through systematic reviews of the scientific basis in various areas, the Mistra Council for Evidence-Based Environmental Management (EviEM) improved documentation for decisions in Swedish environmental work. Government agencies or decision-makers and other stakeholders were able to propose topics for the reviews. https://www.mistra.org/en/research/eviem-the-mistra-council-for-evidence-based-environmental-management/ 2012–2017 SEK 66 million Stockholm Environment Institute · Avslutad Mistra Indigo default.jpg Research was combined with policy activities in the programme to support climate policy outside international climate negotiations. The work was divided into four integrated areas focusing on a global trading system for carbon markets, distributional effects of climate policy, interplay between climate policy and incentives for technological development, and companies’ strategic actions based on climate policy. https://www.mistra.org/en/research/mistra-indigo-instrument-design-for-global-climate-mitigation/ 2012–2015 SEK 24,5 million IVL Swedish Environmental Research Institute · Avslutad Mistra Future Fashion Future-fashion.jpg The lifecycle of our clothing affects the environment, especially the climate and water. The programme gave the Swedish fashion industry tools to become competitive by turning sustainability into a business advantage. The research was about issues ranging from instruments and strategies for system changes to new design tools, textile fibres with lower environmental impact and new ideas for textile recycling. https://www.mistra.org/en/research/mistra-future-fashion/ 2011–2019 SEK 80 million RISE Research Institutes of Sweden · Avslutad Mistra Arctic Futures default.jpg Global warming is imposing major changes on the Arctic and its population. This brings both threats to and opportunities for animals and the living natural environment, extraction of natural resources, shipping and tourism. The programme was intended to provide a social-science knowledge base and develop tools for dialogue among all the various parties in the face of the new conditions in the Arctic region. https://www.mistra.org/en/research/mistra-arctic-futures/ 2011–2013 SEK 38 million Swedish Polar Research Secretariat · Avslutad Mistra Urban Futures Mistra-Urban-Futures-masma45045.jpg More and more of the world’s inhabitants are living in cities. Urban environments must move towards sustainable development, which requires knowledge of topics ranging from water and energy management to social issues. Within the research centre, researchers and users developed innovative solutions for engineers, architects, community planners and economists in both business and public administration. https://www.mistra.org/en/research/mistra-urban-futures/ 2010–2019 SEK 171 million Chalmers University of Technology · Avslutad Mistra Future Forests Bildarkivet_HPZB_FutureForests.jpg Climate change, globalised trade and growing demand for energy and raw materials are putting heavier pressure on forest resources. The programme developed tools for scientifically substantiated decisions about the future of forest management. The goal was to manage trade-offs between extracting more timber, paper and energy while safeguarding biodiversity, ecosystem services and outdoor life. https://www.mistra.org/en/research/future-forests-sustainable-strategies-under-uncertainty-and-risk/ 2009–2016 SEK 110 million Swedish University of Agricultural Sciences (SLU) · Avslutad Mistra-SWECIA IMA89099_web_swecia.jpg – Mistra Swedish Research Programme on Climate, Impacts and Adaptation. There is a growing need to adapt society to the effects of climate change on infrastructure, forestry and agriculture, as well as environmental management. Preparedness for extreme events also needs to be reviewed. Key elements of the programme were modelling of the climate, the economy and impacts on ecosystems, which were used in scenarios to demonstrate adaptation needs and choices. https://www.mistra.org/en/research/mistra-swecia-mistra-swedish-research-programme-on-climate-impacts-and-adaptation/ 2008–2016 SEK 85,3 million SMHI · Avslutad Mistra Pharma MATMC_MW00089_medium_Pharma.jpg The programme identified active substances from pharmaceutical products in aquatic environments that pose significant risks to aquatic organisms or contribute to the development of antibiotic resistance. It also demonstrated techniques for improving wastewater treatment and strategies and indicators for early identification of environmentally hazardous drugs. https://www.mistra.org/en/research/mistrapharma/ 2008–2015 SEK 94 million Stockholms University · Avslutad The urban mind default.jpg – Cultural and environmental dynamics Urban development is closely linked to climate change and emerging human systems. The Urban Mind, a research project completed in 2010, offered a historical, humanistic perspective with the goal of creating sustainable urban habitats. https://www.mistra.org/en/research/the-urban-mind/ 2008–2010 SEK 5 million Uppsala University, Sweden · Avslutad Stockholm Resilience Centre Stockholm-Resilience-Centreworld-map-1958129.jpg Human impacts have led to many of the Earth’s ecosystems becoming less able to deliver ecosystem services such as food, water purification and climate regulation. Researchers at the Centre develop understanding of ecosystems, provide new tools for controlling and managing them, and advise decision-makers at national and international levels alike. https://www.mistra.org/en/research/stockholm-resilience-centre/ 2007–2018 SEK 191,4 million Stockholms University · Avslutad ENTWINED IMSIS890-087_low_Entwined.jpg Around the world, countries have been made increasingly interdependent by the international exchange of goods and services, and flows of capital and information. The research focused on how globalisation and leading stakeholders affect society at various levels. The aim was, for example, to develop tools for integrating environmental aspects into international trade agreements. https://www.mistra.org/en/research/entwined-environment-and-trade-in-a-world-of-interdependence/ 2007–2013 SEK 52,4 million IVL Swedish Environmental Research Institute · Avslutad E4 Mistra default.jpg The goal of the programme was to develop new, energy-efficient aftertreatment systems for internal combustion engines. It provided engines that were more efficient: in addition to emitting small quantities of nitrogen oxides, CO2 and incompletely burned hydrocarbons, the fuel consumption and costs were lower. https://www.mistra.org/en/research/e4-energy-efficient-reduction-of-exhausts-from-vehicles/ 2006–2014 SEK 42,3 million Volvo Technology · Avslutad SIRP default.jpg – Sustainable Investment Research Platform Through their investments, various actors in financial markets can influence companies to focus on more sustainable development. The programme provides research on corporate reporting, analysts’ valuations and managers’ and investors’ behaviours and portfolio choices based on sustainability criteria. https://www.mistra.org/en/research/sirp-sustainable-investment-research-platform/ 2006–2012 SEK 101 million Umeå University · Avslutad PlantComMistra BA10850_PlantCom.jpg Insecticides are often used in plant farms. The research was intended to find ways to make plants more insect-resistant by combining insect ecology and plant physiology in an interdisciplinary way. The programme goals included developing cultivation methods and studying communication with volatile substances that attract natural enemies of aphids. https://www.mistra.org/en/research/plantcommistra/ 2006–2012 SEK 69 million Stockholms University · Avslutad Mistra DADU default.jpg – Deeper Access, Deeper Understanding The question of what humans are guilty of, and what is natural, is key in the environmental debate. The answer is not least important for us to understand what causes changes in our environment — especially from a strategic perspective. Using a heavily miniaturised underwater vehicle, the ‘Deeper Access, Deeper Understanding’ research programme, which ended in 2010, studied untouched places to get closer to the answers to the question. http://uu.diva-portal.org/smash/get/diva2:303210/FULLTEXT01.pdf 2006–2010 SEK 4,5 million Uppsala University · Avslutad Transport Mistra default.jpg The Transport Mistra programme, which ended in 2008, boosted understanding of decision-making and traffic planning and developed practical tools that make the transport system more sustainable. https://www.mistra.org/en/research/transport-mistra/ 2006–2008 SEK 30 million Trivector AB · Avslutad Steel Eco-cycle IMSIS099KF1E_low_Stalkretsloppet.jpg The steel industry must change its production to streamline use of metals and utilise less resources. The research provided better production processes and more efficient use of new types of steel, as well as methods for environmentally evaluating processes and products from steel mills, scrap merchants and the engineering industry. https://www.mistra.org/en/research/steel-eco-cycle/ 2004–2012 SEK 97 million Jernkontoret · Avslutad Clipore default.jpg – Climate Policy Research The threat of climate change is one of the most important and complex challenges facing the world. Clipore supported research and stimulated dialogue, to move international climate negotiations forward. For users, the aim was for the results to largely have direct value for domestic policy makers and their colleagues in other countries. Industry’s role in the programme, in both providing a basis for the research and using the results, was also key. https://www.mistra.org/en/research/clipore-mistras-climate-policy-research-programme/ 2004–2011 SEK 106,9 million IVL Swedish Environmental Research Institute · Avslutad MASE default.jpg – Microbial Activity for a Sound Environment Large quantities of chemicals in the form of pesticides and fertilisers are used annually in agriculture, forestry and horticulture. The MASE research programme, which was completed in 2010, developed microorganisms that can similarly provide nutrition or protection. https://www.mistra.org/en/research/mase-microbial-activity-for-a-sound-environment/ 2004-2010 SEK 58 million MASE Laboratorier AB · Avslutad Black Liquor Gasification default.jpg If the black liquor that forms when wood chips are boiled to make pulp were gasified, a quarter of all petrol and diesel used in Sweden could be replaced. The Black Liquor Gasification research programme, which was completed in 2010, succeeded in both developing technical solutions and testing whether the fuel works. https://www.mistra.org/en/research/black-liquor-gasification/ 2004–2010 SEK 43 million BLG-programmet AB · Avslutad DOM default.jpg – Domestication of Microorganisms Microorganisms have proved to have the potential to replace and degrade chemical pesticides. They can also reduce nutrient leaching by absorbing nutrients. The DOM research programme, which was completed in 2011, provided in-depth knowledge of how the process of culturing microorganisms can be streamlined and scaled up from the laboratory setting to large-scale production and practical application. https://www.mistra.org/en/research/dom-domestication-of-microorganisms/ 2003–2011 SEK 61,3 million Swedish University of Agricultural Sciences (SLU) · Avslutad Greenchem default.jpg – Specialty Chemicals from Renewable Resources Modern industrial society has been increasingly dependent on fossil raw materials to make plastics, detergents, printing inks, paints, adhesives, pharmaceuticals and various hygiene products. Today’s feedstocks are finite and obtaining them is environmentally harmful, so alternatives are needed. The Greenchem research programme, which ended in 2010, initiated a paradigm shift in the chemical industry to switch the basis of its operations from fossil to renewable raw materials. https://www.mistra.org/en/research/greenchem-speciality-chemicals-from-renewable-resources/ 2003-2010 SEK 70 million Lunds University · Avslutad Marine Paint default.jpg – Measures against Fouling on Boats Today, metal compounds and organic biocides are often used to reduce fouling, but with the side effect of damaging many marine organisms. Before its completion in 2010, the Marine Paint research programme developed an ecologically sound alternative that effectively prevents organisms from starting to grow on ships and boats. https://www.mistra.org/en/research/marine-paint/ 2003-2010 SEK 82,4 million University of Gothenburg · Avslutad PERSEA default.jpg – Plasma-Enhanced Reaction Systems for Environmental Applications Combustion of fossil fuels, household waste and biofuels alike causes emissions of hazardous substances. The PERSEA research programme, which was completed in 2010, developed methods that, in efficient and environmentally sound ways, remove several pollutants without causing new harmful substances to form. https://www.mistra.org/en/research/persea-plasma-enhanced-reaction-systems-for-environment-applications/ 2003-2010 SEK 34,7 million Ångström Laboratory, Uppsala University, Sweden · Avslutad Heureka default.jpg – Environmental decision support models for forest land Besides getting timber from forests, people seek to use them for biofuel production, while also for recreation and as a carbon sink, while preserving biodiversity. This creates a complex web where different stakeholders have varying visions of the future of forests. https://www.mistra.org/en/research/heureka-environmental-decision-support-models-for-forest-land/ 2002-2009 SEK 18,8 million Swedish University of Agricultural Sciences (SLU) · Avslutad HagmarksMISTRA default.jpg Semi-natural grasslands are among the habitats that are richest in species, which makes them important for biodiversity. In Sweden and the rest of the EU, these areas have shrunk since the 1980s, and species diversity has thus also decreased. In its natural science, economics and sociology research, the HagmarksMISTRA programme, which ended in 2008, analysed the regulations, proposed various amendments, investigated the farmers’ livelihoods and carried out large-scale field trials to enhance biodiversity. https://www.mistra.org/en/research/hagmarksmistra-management-of-seminatural-grasslands-economics-and-ecology/ 2001–2008 SEK 47 million Swedish University of Agricultural Sciences (SLU) · Avslutad Soundscape Support to Health default.jpg Noise, even at low decibels, causes damage to hearing, increases the risk of sleep disturbances and causes premature death to the same extent as road accidents. The ‘Soundscape Support to Health’ research programme, which ended in 2007, developed ‘soundscape thinking’ and a ‘soundscape concept’ that can be used when new residential areas are built, and to improve the noise situation in existing living environments. https://www.mistra.org/en/research/soundscape-support-to-health/ 2000-2007 SEK 40 million Chalmers University of Technology · Avslutad NewS default.jpg – the New Strategy for Risk Management of Chemicals For thousands of the chemical compounds used today, the effects on health and the environment are incompletely known. By bringing together researchers focusing on environmental chemistry and toxicology, as well as legislation and risk management, the NewS programme, which ended in 2009, succeeded in influencing the final version of the European chemicals legislation REACH. https://www.mistra.org/en/research/news-the-new-strategy-for-risk-management-of-chemicals/ 1999–2009 SEK 76,1 million KTH Royal Institute of Technology · Avslutad ASTA default.jpg – International and National Abatement Strategies for Transboundary Air Pollution The purpose of research in the ASTA research programme, which was completed in 2007, was to support work to bring about a decline in pollution in Sweden and abroad. The programme focused on acidification, the impact of nitrogen on forest ecosystems, effects of ground-level ozone on vegetation, and long-range transport of particles. During the programme period, ASTA made important contributions to the development of international air-protection work, for example to the EU clean air strategy. https://www.mistra.org/en/research/international-and-national-abatement-strategies-for-transboundary-air-pollution-asta/ 1999-2007 SEK 59 million IVL Swedish Environmental Research Institute · Avslutad LUSTRA default.jpg – Land Use Strategies to Reduce Greenhouse Gas Emissions A significant stumbling block in the international negotiations is whether and how soil and vegetation can be used as sinks for greenhouse gases. The LUSTRA research programme, which ended in 2007, reviewed the role of soil and proposed strategies for reducing the net supply of greenhouse gases from woodlands. https://www.mistra.org/en/research/lustra-land-use-strategies-to-reduce-greenhouse-gas-emissions/ 1999-2007 SEK 60 million Swedish University of Agricultural Sciences (SLU) · Avslutad MARE (Marine Research on Eutrophication) default.jpg – a Scientific Base for Cost-Effective Measures for the Baltic Sea Eutrophication is one of the biggest environmental problems in the Baltic Sea, mainly nitrogen and phosphorus from various sources that affect marine ecosystems. The MARE research programme, which was completed in 2006, linked various types of information on the workings of the sea, and how nitrogen and phosphorus are dispersed and used. The costs of reducing these loads in various ways were also calculated. https://www.mistra.org/en/research/mare-marine-research-on-eutrophication-a-scientific-base-for-cost-effective-measures-for-the-baltic-sea/ 1999–2006 SEK 62,5 million Stockholm University · Avslutad Mountain Mistra default.jpg – Sustainable Management in the Mountain Region Sweden’s mountain region has low biodiversity and is vulnerable to overexploitation. Nevertheless, the mountains are used for a wide range of activities, ranging from reindeer husbandry to mining. The Mountain Mistra research programme, which ended in 2006, worked to create a knowledge base for a common view of resource conservation, and for finding ways of coordinating various interests to generate long-term, sustainable development of the mountain region. https://www.mistra.org/en/research/sustainable-management-in-the-mountain-region-mountain-mistra/ 1998–2006 SEK 84 million Swedish University of Agricultural Sciences (Umeå) · Avslutad Urban Water default.jpg – Sustainable Urban Water Management The Urban Water research programme, completed in 2006, developed tools from a system perspective for both analysis and practical use in the water and sanitation (WS) system — its technology, organisation and users. https://www.mistra.org/en/research/sustainable-urban-water-management/ 1998–2006 SEK 62 million Chalmers University of Technology · Avslutad Fuel Cells in a Sustainable Society default.jpg Fuel cells are a very interesting alternative to fossil fuels in vehicles, for example. Mistra’s Fuel Cells in a Sustainable Society programme, which ended in 2010, took several important steps to enable competitive fuel cells to be used in vehicles and other electricity-consuming equipment alike. https://www.mistra.org/en/research/fuel-cells-in-a-sustainable-society/ 1997–2010 SEK 121 million KTH Royal Institute of Technology · Avslutad FOOD 21 default.jpg – Sustainable Food Production The FOOD 21 research programme, completed in 2008, was aimed at showing options and ways forward for Swedish agriculture. It combined stringent requirements concerning environmental impact and animal care with product quality and good profitability for farmers and the food industry. https://www.mistra.org/en/research/sustainable-food-production-food-21/ 1997–2008 SEK 125 million Swedish University of Agricultural Sciences (SLU) · Avslutad MiMi default.jpg – Mitigating the Environmental Impact of Mining Waste Swedish mines have dumped hundreds of millions of tonnes of rock masses, which leach various heavy metals into soil and water. The MiMi programme, which ended in 2004, contributed to the fact that it is now possible to assess what happens to a landfill over time in a way that was not previously possible. https://www.mistra.org/en/research/mimi-mitigating-the-environmental-impact-of-mining-waste/ 1997–2004 SEK 76 million Luleå University of Technology · Avslutad SUCOZOMA default.jpg – Sustainable Coastal Zone Management Human use of resources in coastal waters is causing problems both in the marine environment and in coastal communities. The SUCOZOMA research programme, which was completed in 2004, contributed to the sustainable use of these resources. This was achieved by developing methods that make it possible to show consideration for both the limits of the ecosystem and the needs of the coastal population. https://www.mistra.org/en/research/sucozoma-sustainable-coastal-zone-management/ 1997-2004 SEK 80 million University of Gothenburg · Avslutad RESE default.jpg – Remote Sensing for the Environment How can we know that the efforts being made to manage environmental problems are having the desired effect? And that it is being done at the lowest possible cost? These were two of the questions addressed by the RESE research programme, which ended in 2002, during its eight-year period. RESE Remote Sensing for the Environment: 1997‒2002 RESE Environmental objectives: 2003‒2005 https://www.mistra.org/en/research/rese-remote-sensing-for-the-environment/ 1997-2005 SEK 85 + 3 million Metria Environmental Analysis, National Land Survey of Sweden · Avslutad COLDREM default.jpg – Soil Remediation in a Cold Climate There used to be a shortage of scientific data on soil remediation in Sweden. The COLDREM research programme, which was completed in 2003, developed new methods and accumulated knowledge in two contaminated areas. In this way, knowledge of soil remediation in Sweden, both within and outside universities, has improved significantly. https://www.mistra.org/en/research/coldrem-soil-remediation-in-a-cold-climate/ 1997–2003 SEK 39 million Umeå University · Avslutad Biosignal default.jpg – Using natural scents to combat insect pests In Sweden alone, insects cause damage totalling several billion kronor a year to harvests, but the chemical agents available for controlling insect pests often have severe effects on the environment and health. Practical application of several research results from the Biosignal research programme, which ended in 2005, has culminated in sustainable, effective and economically rational methods of controlling insect pests. https://www.mistra.org/en/research/biosignal-using-natural-scents-to-combat-insect-pests/ 1996–2005 SEK 68 million Swedish University of Agricultural Sciences (SLU) · Avslutad VASTRA default.jpg – Water management research programme Groundwater represents a common resource that many people want and need to share. The VASTRA research programme, which was completed in 2005, developed new strategies for sustainable water management. https://www.mistra.org/en/research/vastra-water-management-research-programme/ 1996–2005 SEK 68,5 million University of Gothenburg (2002‒2005) & Linköping University (1996‒2001) · Avslutad SUFOR default.jpg – Sustainable Forestry in Southern Sweden To be sustainable in the long term, forestry must be both financially profitable and safeguard biodiversity. The SUFOR research programme, which ended in 2004, made it easier to strike a balance between the differing requirements by developing models for assessing the impacts of various management options. https://www.mistra.org/en/research/sustainable-forestry-in-southern-sweden-sufor/ 1996–2004 SEK 108 million 1996‒2002: Lund University, 2002‒2004: Swedish University of Agricultural Sciences (SLU) · Avslutad ÅSC default.jpg – Ångström Solar Centre Present-day use of energy is always environmentally harmful to some degree, owing to resource consumption and emissions of greenhouse gases and other substances that cause environmental and health problems. Solar energy is a more environmentally friendly option. The ÅSC research programme, which ended in 2004, was therefore aimed at creating a stable knowledge base to enable Swedish companies to participate, on a broad front, in the industrial exploitation of solar-energy technology. https://www.mistra.org/en/research/asc-angstrom-solar-centre/ 1996-2004 SEK 75 million. Energimyndigheten har finansierat 75 million. Uppsala University · Avslutad MAaF default.jpg – Microbial Antagonism against Fungi Fungus attack causes widespread, expensive damage to cereals, vegetables, fruit, fodder crops, forests and timber every year. The MAaF research programme, which ended in 2003, developed methods to control harmful fungi based on the use of natural enemies. https://www.mistra.org/en/research/maaf-microbial-antagonism-against-fungi/ 1996-2003 SEK 65 million Swedish University of Agricultural Sciences (SLU) · Avslutad SWECLIM default.jpg – Swedish Regional Climate Modelling The SWECLIM research programme, which ended in 2003, developed regional climate models for Sweden and northern Europe, which means that it is now possible to study climate change at regional level. During the programme period, the Rossby Centre at SMHI was established as a hub of climate-modelling research. https://www.mistra.org/en/research/sweclim/ 1996–2003 SEK 66,7 million The Swedish Meteorological and Hydrological Institute (SMHI) · Avslutad KAM default.jpg – The Ecocyclic Pulp Mill The KAM research programme was completed in 2004. Its overarching objective was to develop solutions that minimised the use of non-renewable resources and made efficient use of the potential of biomass. Several of the solutions developed in the programme are currently used on a large scale by industry both in Sweden and in other countries. https://www.mistra.org/en/research/the-ecocyclic-pulp-mill-kam/ 1996–2003 SEK 90 million Swedish Pulp and Paper Research Institute (STFI) · Avslutad ByggMISTRA default.jpg – Sustainable Building Apartment buildings and other built structures affect their surroundings throughout their long life. The Sustainable Building research programme, completed in 2002, helped to make housebuilding and property management more ecofriendly and reduce energy use in finished properties, including residential buildings. https://www.mistra.org/en/research/sustainable-building-byggmistra/ 1996–2002 SEK 39 million Chalmers University of Technology · Avslutad Ways Ahead default.jpg – Pathways to sustainable development: behaviours, organisations, structures The Ways Ahead programme, which ended in 2001, succeeded in inducing more researchers in human sciences to engage in environmental research. Their participation boosted understanding of, for example, how individuals’ values and behaviours are shaped. https://www.mistra.org/en/research/ways-ahead-paths-to-sustainable-development/ 1996–2001 SEK 22 million Lund University · Avslutad Avsnitt 5Forskarporträtt Hon vill se fler möten kring frågor i Arktis Samtal är ett viktigt verktyg för utvecklingen av Arktis enligt Annika E. Nilsson. https://www.mistra.org/nyhet/forskarportratt-annika-e-nilsson-ser-moten-i-arktis/ AnnikaE_600x600.jpg Erik Andreasson hoppas på förädlad potatis Läs om forskaren som vill att genmodifierade grödor ska få börja säljas för miljöns skull. https://www.mistra.org/nyhet/miljon-ar-den-stora-forloraren-nar-gentekniken-ratas/ Erik-Andersson_600x600.jpg Han pusslar ihop ett klimatneutralt Sverige Vår nya klimatlag ställer krav på omställning av samhället enligt Lars Zetterberg https://www.mistra.org/nyhet/ingenjoren-som-pusslar-samman-ett-klimatneutralt-sverige/ LarsZ_600x600.jpg Neal Haddaway lär ut att undvika misstag Läs mer om forskaren som reser världen runt för att lära ut systematiska utvärderingar. https://www.mistra.org/nyhet/forskarportratt-neal-haddaway-lar-ut-hur-vi-kan-undvika-misstag/ Neal-H_600x600.jpg Hon arbetar för att ge våra textiler nytt liv Åsa Östlund vill ändra på att merparten av de kläder vi köper hamnar i soporna. https://www.mistra.org/nyhet/forskarportratt-asa-ostlund-ger-textiler-nytt-liv/ ÅsaÖ_600x600.jpg Malin Mobjörk visar hur olika hot hänger ihop Läs om forskaren som ser på säkerhetsrisker i spåren av ett ändrat klimat. https://www.mistra.org/nyhet/malin-mobjork-vill-visa-hur-olika-hot-hanger-ihop/ MalinM1_600x600.jpg Avsnitt 7Six questions to Johan Söderström, ABB’s Country Managing Director Sweden and Chair of the Mistra Board How would you describe your first few months as Chair?It’s been a very rewarding time, and one that has broadened my horizons. Great to get to know all the capable and knowledgeable people working for Mistra. It’s also very inspiring to see the important work being done on the research projects and at the various universities. I’m really impressed by the incredible knowledge bank that exists within Mistra. You’re a busy man, but still accepted the role. Why?Being asked to chair Mistra was both challenging and appealing. I’ve been interested in the environment and sustainability ever since I was a young member of Nature and Youth Sweden. To this day, I like to go birdwatching by Asköviken near Västerås. Another factor is the strong focus on sustainability that we have at ABB, which has deepened my interest. The UN’s 17 Sustainable Development Goals point the way, and I greatly value the opportunity I’ve been given to contribute to Mistra’s extremely important long-term investments in a sustainable future society. You’re well known for engaging with sustainability issues, and have even won a prize for that work. Why is it so important?These are issues that matter to us all, so it’s very gratifying to see more and more people in industry going from dutifully talking about the environment to taking action to bring about change. In Sweden we have every chance of succeeding. We have a shared responsibility for future generations, and together we can make a real difference. An important factor here is the unique collaboration that exists between business people, academics, politicians and other sectors of society. What part does your background equip you to play in developing Mistra’s work?For many years now I’ve had the privilege of working in industry and in leadership roles. Although I’m convinced that sustainability is fundamentally more important to our long-term survival than technological progress, it’s by using technology in the right way that we can bring about a sustainable society. Hopefully, my experience will allow me to offer new ideas and angles. I’m also convinced that we need to be better at handling the social dimensions of societal and technological change. This could be an increasingly important area of work for Mistra in the years ahead. Scientific evidence is being questioned in a way rarely seen before. What should Mistra’s response be?Politicians’ attitudes to science and the environment present us with new challenges. Mistra has a key part to play in developing and encouraging research that is at the cutting edge. Its expertise can be a positive force when it comes to environmental and sustainability issues. In that context, Mistra is ideally placed and we need to focus our energies on moving forward. Our capital has been managed so successfully that we’re now in a position to provide even more funding for research programmes. So we shouldn’t back off, but rather step on the gas. The Stockholm Resilience Centre is a brilliant example of how research initiated by Mistra can assume global significance. Mistra funds research programmes in everything from fashion to geopolitics. Where do you want to take the Foundation from here?The fact that there is both breadth and depth to Mistra’s research is a great asset when it comes to meeting future challenges. The stable base that we have also means we can take a long-term approach and support long-term programmes that produce results. That way we can make a difference, but we always need to think about what we have in our research portfolio. For one thing, we need to strike a good balance between theory and practice. There’s great potential to develop Mistra so as to achieve even more progress towards sustainability. I’m very pleased and excited to have the opportunity to do that together with Mistra’s knowledgeable Executive Director and staff, with the other members of our capable Board and in close collaboration with business – for example, through Misum, the Mistra Centre for Sustainable Markets. Together we can help to make Swedish companies more competitive. Avsnitt 7 del2Managing Mistra’s capital for more sustainable development Interview with Märtha Josefsson, Chair of Mistra’s Committee for Asset Management It is perfectly possible to combine sustainable investment with a good financial return. Mistra’s own record of asset management makes that clear. Its investments have been guided by sustainability criteria for over a decade.
     For many years, Mistra’s capital has been managed with a steady, high rate of return. In 2016, for example, the return on assets managed was 8.1 per cent. The average return over the period 2012–16 was around 10 per cent per year – 2 percentage points above Mistra’s benchmark index.
     ‘When we started applying sustainability criteria, though, a lot of people said: “Surely you realise that if you exclude companies on sustainability grounds, you won’t get as good a return?” But our investment record in fact shows that we haven’t sacrificed returns by insisting on sustainability,’ says Märtha Josefsson, Chair of Mistra’s Committee for Asset Management.
     Mistra began working with sustainability issues in the management of its assets in 2003, and since 2007 the whole of its capital has been invested on the basis of sustainability criteria.
     ‘We want to manage our assets in a way that promotes more sustainable development, while also influencing the financial sector, decision-makers and companies,’ Josefsson explains.
     To oversee its investments, Mistra has a Committee for Asset Management, made up of the Foundation’s Executive Director and several leading figures from the financial sector. The Committee is guided by an investment policy approved every year by the Mistra Board. This policy stipulates that investments are primarily to be made in companies that clearly report their environmental and social impacts – both negative and positive – and in those that systematically seek to minimise the negative impacts and optimise the positive impacts of their operations.
     ‘Businesses that take sustainability into account in the long term are the kind we want to invest in,’ says Josefsson.
     A major share of Mistra’s capital, roughly 45 per cent, is invested in Swedish and foreign equities, and around 35 per cent in fixed-income securities. The exact breakdown between the two varies over time. In recent years, there has also been a growing proportion of ‘alternative investments’. At the end of 2016, just over 15 per cent of the total was placed in such investments, which tie up the capital for somewhat longer – for instance, real estate, hedge funds, venture capital funds, and what are known as microloans.
     ‘This last category offers an opportunity to secure a return on our capital, while contributing to Third World development,’ Josefsson explains. ‘Our capital is lent to major development banks, which in turn provide loans for small business start-ups.’
     Mistra does not have an in-house investment team, entrusting the work instead to around a dozen banks and other external managers. One of the most important responsibilities of the Committee is to select and evaluate those managers. The Committee also engages outside consultants to regularly monitor the companies Mistra owns shares in – to make sure they are not in breach of any of the criteria laid down.
     Mistra manages a substantial sum of money, currently around SEK 3.2 billion. In the broader scheme of things, though, it is a small player – each of the Swedish National Pension Funds, for example, manages around SEK 350 billion. Mistra’s size means that it is harder for it to make explicit demands on companies – for instance at an AGM – but according to Märtha Josefsson it also has its advantages.
     ‘We’re not afraid to try out new ideas in asset management, or to be the first investor.’
     When London-based fund manager Generation Investment Management, for instance, was set up in 2004, by former US Vice-President Al Gore and others, Mistra was the first institutional investor in its global equity fund. Today, the firm, which has integrated financial and sustainability analysis from the outset, is a strategic partner of Mistra.
     Likewise, when ‘green bonds’ appeared on the financial market a few years ago – a more direct way of persuading companies to think green than share ownership, according to Josefsson – Mistra was among the first to invest.
     Mistra has been a pioneer in sustainable asset management, and has tried by a variety of means to create wider understanding of it. For instance, by openly publishing its investment policy, producing publications, and attending and arranging seminars. The other year, the Foundation signed the Montréal Pledge, undertaking to disclose the annual carbon footprint of its investment portfolio. Mistra has also previously funded a research programme on sustainable investment, and related research is currently under way at Misum and in the Mistra Financial Systems programme.
     ‘In various ways, we want to encourage more sustainability thinking in this sector, and to show managers and other investors that it’s possible to invest sustainably without having to forgo a good financial return.’
     Märtha Josefsson has been a member of Mistra’s Committee for Asset Management for almost fifteen years, most of the time as its Chair. Over that period, she says, a great deal has happened.
     ‘These days, it’s no longer difficult to invest sustainably. I believe that Mistra has helped get us to that point, and I hope we can continue to serve as a model to others.’
Avsnitt 8We who work at Mistra Åke IverfeldtAke-Iverfeldt-1-16-Foto-Anette-Andersson.pngExecutive Directorake.iverfeldt(at)mistra.orgPhone: +46 8 791 10 24Mobile: +46 70 732 03 17 Johan EdmanJohan-Edman-16.pngProgrammes Directorjohan.edman(at)mistra.orgPhone: +46 8 791 10 28Mobile: +46 70 732 40 73 Birgitta Jonsson PalmgrenBirgitta-Jonsson-Palmgren-16.pngChief Financial Officerbirgitta.jonssonpalmgren(at)mistra.orgPhone: +46 8 791 34 80Mobile: +46 70 344 54 66 Christopher Folkeson WelchChris-Folkeson-Welch-16.pngProgrammes Directorchris.welch(at)mistra.orgPhone: +46 8 791 10 26Mobile: +46 70 732 30 74 Malin LindgrenMalin-Lindgren-16.pngCommunications Managermalin.lindgren(at)mistra.orgPhone: +46 8 791 10 27Mobile: +46 76 112 37 00 Thomas NilssonThomas-Nilsson-16.pngProgrammes Directorthomas.nilsson(at)mistra.orgPhone: +46 8 791 10 22Mobile: +46 70 629 88 12 Linnea KassmoLinnea-Kassmo-16.pngOffice Coordinatorlinnea.kassmo(at)mistra.orgPhone: +46 8 791 10 23Mobile: +46 70 659 09 60 Josefin LönbergJosefin-Lonberg-16.pngEconomyjosefin.lonberg(at)mistra.orgPhone: +46 8 791 10 25Mobile: +46 70 732 25 92