Danske Bank Asset Management has announced the establishment of its pioneering climate and nature team.
According to ESG Today, this new unit, an integral part of the firm’s evolving ESG (Environmental, Social, and Governance) strategy, is set to be helmed by Mads Steinmüller, the bank’s chief ESG specialist. Steinmüller’s appointment as the Head of Climate and Nature underscores the bank’s commitment to addressing environmental challenges.
Danske Bank Asset Management operates at the forefront of the financial industry, offering a wide range of investment and asset management services. The firm is known for its innovative approach to ESG issues, integrating sustainability and environmental considerations into its investment decisions. This strategy not only enhances financial performance but also contributes positively to societal and environmental outcomes.
Mads Steinmüller, in his new role as the Head of Climate and Nature, brings a wealth of experience and expertise to the table. His previous tenure as the Chief ESG Specialist at Danske Bank has equipped him with in-depth knowledge and understanding of the ESG landscape, particularly in the realms of climate change and environmental sustainability. His leadership is expected to steer the new team towards impactful contributions in the ESG sector.
Prior to his current role, Mads Steinmüller has been instrumental in shaping Danske Bank’s ESG initiatives. His journey from the Head of Active Ownership to Chief ESG Specialist illustrates his deep commitment to fostering responsible investment practices. His expertise has been pivotal in advancing the bank’s ESG agenda, making him an ideal choice to lead the new Climate and Nature team.
Danske Bank’s establishment of the Climate and Nature team is a strategic response to the growing investor interest in nature and biodiversity. Recent analyses by the bank revealed that a significant portion of its investment portfolio is heavily reliant on natural resources, with many companies posing risks to the environment. This initiative is part of Danske’s broader goal to engage with major global investee companies, aiming to mitigate their impact on nature and biodiversity by 2025.
Mads Steinmüller, Danske Bank Asset Management Head of Climate and Nature, said, “Nature constitutes half of the foundation of the global economy. At the same time, we see how this is an agenda that is increasingly important to our investors. However, historically, it has not received as much attention as, for example, climate change. This is why the entire financial sector needs to step up its efforts in this area. In general, it’s an agenda that, in my opinion, will undergo a similar development as the one we have seen in relation to climate.”
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