Nordea Selects Climate and Environment General

    Stockholm (NordSIP) – On 17 January, the Nordic region’s biggest bank, Nordea, announced the establishment of a new Climate and Environment team. The person tasked with leading these efforts in the coming years is Peter Sandahl, currently Head of Sustainability at Nordea Life & Pension. Starting in mid-March, he will take on the role of Head of Climate and Environment and Deputy Head of Group Sustainability. His team will be entrusted with driving the strategic agenda necessary to meet Nordea’s long-term objective of becoming a net-zero bank. To do that, Sandahl and his colleagues must ensure fast progress and group-wide alignment across financing and investment activities.

    “I’m very happy to have been given the trust to lead the work in this important area. I look forward to working with colleagues, customers, and the broader community in further developing Nordea’s climate transition plan and executing on our goals and commitments,” comments Sandahl.

    The promotion would hardly come as a surprise to anyone familiar with Sandahl’s expertise and experience in the field of sustainable finance. Apart from being responsible for Nordea Life & Pension’s sustainability and ESG strategy, he also contributes actively to several international initiatives. Sandahl is a member of the Asset Owner Advisory Committee of the Principles for Responsible Investment (PRI), the Expert Advisory Group of the Science Based Targets Initiative (SBTi), and the Steering Committee of the Partnership for Carbon Accounting for Financials (PCAF). He is also deeply involved in the work of the Glasgow Financial Alliance for Net Zero (GFANZ) as a member of two of the alliance’s task forces, Sectoral Pathways and Managed Phaseout.

    Sandahl is a prominent figure in the Swedish sustainable investment community as well. He serves on the board of directors of Sweden’s Sustainable Investment Forum (Swesif) and is a leading force in deepening the organisation’s cooperation with Eurosif.

    NordSIP looks forward to hearing more about how Sandahl intends to develop and strengthen Nordea’s work within climate change and biodiversity in an upcoming interview.

    Image courtesy of Nordea. Copyright 2020. All rights reserved.
    Julia Axelsson, CAIA
    Julia Axelsson, CAIA
    Julia has accumulated experience in asset management for more than 20 years in Stockholm and Beijing, in portfolio management, asset allocation, fund selection and risk management. In December 2020, she completed a program in Sustainability Studies at the University of Linköping. Julia speaks Mandarin, Bulgarian, Hindi, Russian, Swedish, Urdu and English. She holds a Master in Indology from Sofia University and has completed studies in Economics at both Stockholm University and Stockholm School of Economics.

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