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In brief: EQT sets up board-level sustainability group

The purpose of the committee, which will meet quarterly, is to 'formalise ongoing discourse between management and the board' to challenge the firm's approach to sustainability.

Credit to listed firm EQT, which keeps pushing the sustainability envelope. Having been the first private markets firm to have its emissions reduction plans validated by the Science Based Targets Initiative, the firm has now established what it describes as “a first of its kind” sustainability committee at the board level. The purpose of the committee, which will meet quarterly, is to “formalise ongoing discourse between management and the board” to challenge the firm’s approach to sustainability. In its announcement the firm identifies three board members who have joined the committee: Nicola Kimm, chief sustainability officer of Heidelberg Cement; Conni Jonsson, EQT’s chair: and Margo Cook, former president of Nuveen Advisory Services.