The Sustainability Accounting Standards Board (SASB) has appointed a new chair and vice chair to its Investor Advisory Group, a group of leading asset owners and managers committed to improving sustainability.

Nordea Asset Management in North America CEO and president Eivind Lorgen will become chair while PGGM head of responsible investment Hans Op ‘t Veld will become vice chair.

SASB established its Investor Advisory Group in late 2016 to provide investor feedback and guidance to the organisation, and to demonstrate investor support for standardised, investor-focused sustainability disclosure.

Lorgen said, “Now more than ever, ESG risks and opportunities continue to be a driving factor for many investors worldwide. The diverse IAG membership adds insight to the important work SASB is doing to connect companies and their investors on the financial impacts of sustainability.”

Op ‘t Veld said, “Responsible investing is a core feature of PGGM’s work and the ability to help deliver financial returns by considering ESG performance is a key focus area. SASB’s standards are an important tool to help institutional investors integrate ESG issues into investment processes.”