Stockholm (NordSIP) – The Third Swedish National Pension Fund (AP3) announced on November 16, that they are establishing a dedicated sustainability group, ramping up their ambitions in the field. They have also initiated a search for the right person to head the new group. The high-profile position will encompass an overall responsibility for the fund’s sustainability work, such as defining, developing, and implementing processes, strategies and goals. Leading a group of experienced specialists, including Peter Lundkvist and Anne-Charlotte Hormgard, the new Head of Sustainability will report directly to AP3’s CIO, Pablo Bernengo.
“For the right person, there are great opportunities to continue the development of the fund’s sustainability work,” the job description states. Among other tasks, the new manager will be expected to advance the integration of sustainability into the fund’s investment processes across all asset classes. Given the ongoing restructuring of the Swedish pension funds’ joint Council of Ethics and the imminent departure of the Council’s Secretary General, John Howchin, AP3’s new Head of Sustainability may need to shoulder the fund’s engagement and stewardship efforts as well.
This demanding position will be challenging to fill in a market where sustainable investment skills are so sought after. AP3 will most likely need someone with a deep knowledge of both asset management and sustainability as well as a solid experience in leading a team of senior professionals.