Climate risk and the Government Pension Fund Global

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Appendix B: Composition of the expert group

Martin Skancke (group chair): Board chair of Principles for Responsible Investment (PRI), board member of Storebrand, Norfund and the Norwegian Climate Foundation. Member of the Task Force for Climate-Related Financial Disclosures (TCFD). Chaired the Climate Risk Commission in 2018. Former head of the Asset Management Department in the Ministry of Finance and head of the Department of Domestic Affairs at the Prime Minister’s Office. Has a master’s degree in business and economics from NHH Norwegian School of Economics, an MSc Economics from LSE and is a certified financial analyst.

Kristin Halvorsen (member): Director of the CICERO Center for International Climate Research. Minister of Education 2009–2013, Minister of Finance 2005-2009, Leader of the Socialist Left Party 1997–2012, Elected Member of the Storting 1989–2013. Member of the Mork Commission in 2016, Chair of the Climate Change Commission in 2020 (together with Vidar Helgesen), Chair of the Biotechnology Council 2014–2019, Chair of the Natural History Museum 2014-, Vice Chair of CCICED (China Council for International Cooperation on Environment and Development).

Tone BjørnstadHanstad (member): Investment professional at Ferd Capital, member of the ESG working group at Ferd and Ferd Capital. She started her career at Accenture Strategy as a management consultant, followed by the M&A department of DNB Markets Investment Banking Division, stock analyst in DNB Markets covering aquaculture sectors. At DNB, she started work on developing the framework for how to include ESG risk in the valuation of companies. Graduated with a master’s degree in business and economics from NHH Norwegian School of Economics, and studied at LSE and UCSD.

Karin S. Thorburn (member): Professor of Finance at NHH Norwegian School of Economics and Adjunct Professor at Wharton, University of Pennsylvania. Former Professor at Tuck School of Business, Dartmouth College. Member of the Mork Commission in 2016. Board member of Maritime & Merchant Bank, Global LNG Services, Preferred Global Health, Falck Advisory, Society for Financial Studies, and the International Financial Management Association. Former board member of SEB Investment Management, Nordea Bank Norge, and the European Finance Association. Affiliated with the Center for European Policy Research and the European Corporate Governance Institute. Member of the Advisory Board for the Luxembourg School of Finance, the steering committee of the Nordic Initiative for Corporate Economics, and the award committee for the Global Award in Entrepreneurship Research. Participated as an assessor and expert witness at Borgarting Court of Appeal. Doctorate in finance from the Stockholm School of Economics.

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Thomas Ekeli (group secretary): Chief economist at Folketrygdfondet (National Insurance Scheme Fund) for nine years until 2020, interrupted by a year’s leave to head the secretariat of the Climate Risk Commission in 2018. He previously worked as a special adviser to the Norwegian OECD delegation in Paris, investment director and head of section at the Ministry of Finance, portfolio manager at NBIM in London, IMF petroleum fund adviser in East Timor, chief economist at Pareto Securities and macroeconomic analyst at Lehman Brothers in London. Graduated with a degree in economics from the University of Oslo.