Mistra, the Stockholm-based Foundation for Strategic Environmental Research with assets of Skr4.7bn (€512m), has appointed Innovest Strategic Value Advisors to strengthen its environmental and ethical focus of its investments.

Innovest, the US-based strategic research and consulting company, will be providing the environmental screening for a Skr100m US and European equity mandate managed by T Rowe Price Global Investment Services. T Rowe Price already manages money for Mistra.