THE GOAL: SUSTAINABLE
Altor’s new Head of ESG, Stephanie Hubold, joins with a clear mission. “Environmental, social, and governance topics are too often looked at from a pure compliance and risk angle.” she explains. “Actually, high ESG performance can be an important driver of financial value creation.”
Stephanie has long had a passion to develop solutions that reconcile economic and environmental objectives, and brings more than 12 years of experience in top-management consulting and the non-profit sector. Most recently, she was responsible for QVARTZ Sustainability practice, supporting leading corporates in the Nordics on their sustainability journeys. Prior, she has been driving projects on systemic change towards a circular, low-carbon economy with the Ellen MacArthur Foundation in the UK, after starting her career with McKinsey & Company in Munich where she was an active part of both the financial institutions group and the sustainability practice.
The ambition in bringing Stephanie on board is to fully integrate ESG across Altor’s ownership cycle: From identifying opportunities and potential challenges in the screening process based on sustainability trends, and always running a systematic ESG due diligence, over to supporting portfolio companies in managing potential ESG risks and seizing the upside related to new growth markets, cost reductions, and lasting stakeholder relations. This will go along with requesting higher transparency and performance on critical ESG topics from our companies, and investing in building the required awareness and capabilities.
“Science leaves no doubt that this decade counts to avoid an irreversible climate and biodiversity crisis.” Stephanie continues: “We need to change our economic system: Design to use again. Use, but don’t use up. Run on renewable energy. And business will play a crucial role in that transformation. In many companies, though, real progress is still hindered by short-termism, siloed thinking, and misaligned incentives. With Altor’s long ownership horizon, I trust we can really make a difference. The diverse portfolio allows to play to the whole range of Sustainable Development Goals, and use them as a powerful framework for innovation. And in addressing the Corona pandemic, responsible ownership is more important than ever.”