January 27, 2022
Today, EQT announced the appointment of three high-caliber business executives with strong impact expertise to its Mission Board. EQT is a purpose-driven global investment organization that works with portfolio companies to achieve sustainable growth, operational excellence, and market leadership.
In addition to President and Chief Executive Officer of Yara International, Svein Tore Holsether, Ho Ching, recently retired CEO of Temasek, and Naina Lal Kidwai, former Country Head of HSBC India, will join the board.
“I am very excited to be working directly with active investors that are leading the way in SDG-related investments. I fundamentally believe that the SDGs present attractive opportunities, and not barriers, in developing future-proof, sustainable, and profitable businesses. I am pleased to be joining such a strong bench of advisors and look forward to contributing to the advancement of EQT Future’s impact-driven objectives of ‘people, planet and prosperity,” says Svein Tore Holsether, President and Chief Executive Officer of Yara International.
The purpose of EQT Future’s Mission Board is to provide external objectivity to the fund’s strategic direction and set the bar high for its commitment to drive positive impact. The Mission Board will be a close sparring partner to EQT Future’s Investment Advisory Team and will challenge and support them throughout the fund’s investment processes.
The new members, each of whom bring a wealth of experience from heading global corporations and NGOs, are joined by the Mission Board’s previously announced co-chairs Paul Polman, former CEO of Unilever, UN Sustainability Ambassador, and co-founder of IMAGINE, and Jacob Wallenberg, Chairperson of Investor AB and vice Chairperson of ABB and Ericsson.
EQT Future was launched in October 2021 with the ambition to elevate EQT’s platform-wide commitment to making a positive impact. The fund’s impact-driven strategy is built on three decades of future-proofing companies and applies EQT’s active ownership model to accelerate sustainable transformation of companies while creating attractive risk adjusted returns.
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EQT is a purpose-driven global investment organization with EUR 73.4 billion in assets under management across 28 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. www.eqtgroup.com
Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a nature positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.
To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming and work closely with partners throughout the food value chain to improve the efficiency and sustainability of food production. Through our focus on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s only global crop nutrition company. We operate an integrated business model with around 17,000 employees and operations in over 60 countries, with a proven track record of strong returns. In 2020, Yara reported revenues of USD 11.6 billion.
For more information about the company, please visit www.yara.com.