Danske Bank Asset Management announced the launch of a new climate and nature team, which advises and supports the firm’s investment teams in making decisions based on the risks and opportunities related to nature and biodiversity.
The team will be led by the company’s lead ESG specialist, Mads Steinmüller, who has been appointed Head of Climate and Nature.
According to Danske Bank, the formation of the new unit was driven by investors’ increased focus on nature and biodiversity. The company says it recently conducted an analysis showing that almost a third of companies in the manager’s investment portfolio are highly dependent on nature. At the same time, 60% of companies pose a risk of damage to nature.
The company said the findings provided initial insight into the factors and sectors in its lending and investment portfolios that may have a negative impact on nature and biodiversity. Danske has committed to working with 30 major global investee companies by the end of 2025, all of which have a significant impact on nature and biodiversity.
Steinmüller was previously Chief ESG Specialist at Danske Bank and previously worked for the company as Head of Active Ownership.
“Nature forms half of the foundation of the global economy. At the same time, we see how this is an agenda that is becoming increasingly important to our investors. However, historically it has not received as much attention as, for example, climate change. Therefore, the entire financial sector must step up its efforts in this area. Overall, it is an agenda that I believe will have a similar development to the one we have seen with regard to climate.”