Ole Beier Sørensen, chief of research and strategy at DKR355bn (€48bn) Danish public pension giant ATP, has been named chairman of the Institutional Investors Group on Climate Change, a group of 58 investors with combined assets of around €5trn.
Sørensen has been a key figure as ATP has taken a leading role in climate change investing. Last year the fund made a seed commitment of €1bn to a new emerging markets climate change fund and a $400m investment in a global clean tech renewable energy fund run by Hudson Clean Energy Partners.
Sørensen takes over from the BBC’s head of investments Peter Dunscombe.
“During recent years, the investment community hasmade considerable progress in understanding and taking action on climate change,” Sørensen said.
“There is still a need however for organisations such as the IIGCC to enhance awareness and understanding among investors and to collaborate on supporting policy development with a view to strengthening climate investing.”
The IIGCC includes some of the world’s most prominent institutional investors such as APG Asset Management, PGGM Investments, Al Gore’s Generation Investment Management, BlackRock, Hermes, Robeco, Schroders as well as numerous UK public sector funds. Link to announcement