October 12, 2021 – Berlin: Environmental non-profit CDP Europe today announces the appointment of Armin Sandhoevel, Ph.D. to its Board of Directors.
An internationally respected expert with a proven track record in the field of sustainable finance, Sandhoevel brings a wide breadth of highly relevant experience and knowledge on capital markets to CDP Europe, which is part of the CDP Global System driving companies, financial institutions, governments and municipalities to urgently transition onto a 1.5 °C, nature-positive path.
With a Ph.D. in environmental and resource economics, Sandhoevel has a career spanning over two decades in investment management, renewable energy financing, carbon risk and green infrastructure, where he has consistently developed and promoted market vehicles to protect nature and the environment.
For the past eight years, he has served as the Global Chief Investment Officer for Infrastructure Equity of Allianz Global Investors. His track record shows several successfully closed fund vehicles with a cumulative capacity in green energy of more than 1 GW in Europe and in the US.
He founded Allianz Climate Solutions – the global competence center of the Allianz Group on climate and cleantech issues – acting as CEO for seven years and now serving as a member of the Board of Administration.
Prior to Allianz, Armin held roles as Head of Carbon Risk at Dresdner Bank and at the German Council of Environmental Affairs, a German government think tank. He also advises national and international institutions and is a Counselor of the German Chapter of the Prince Albert II of Monaco Foundation.
Christoph Schröder, Ph.D., Chair of the CDP Europe Board of Directors, said:
“With the addition of Armin to our Board of Directors, CDP Europe is exceptionally well prepared to continue steering the market response to the environmental emergency. Armin’s track record of promoting market approaches for solving environmental issues will ensure CDP Europe’s strategy is impactful, that it serves its key stakeholders, and that its focus aligns with environmental science. I am delighted that Armin joins CDP Europe’s Board of Directors at this critical time when European policymaking through the Green Deal is setting the pace globally for sustainable investment.”
Armin Sandhoevel, Ph.D., Member of the CDP Europe Board of Directors said:
“CDP has played a unique and essential role in the market for over two decades, mainstreaming the concept of environmental disclosure and driving unprecedented action at scale. I am pleased to join an organization whose mission and theory of change I wholeheartedly support. As the ESG ecosystem rapidly develops and CDP cements itself as the go-to organization for capital markets to access high-quality data, I relish the opportunity to work with the rest of the Board of Directors to support CDP Europe to accelerate its work with European markets and shift the trillions we need.”
Maxfield Weiss, Executive Director CDP Europe, said:
“We are at a crucial moment for humanity’s chance of solving our environmental crisis. We will not secure a 1.5 °C-aligned, nature-positive economy without a genuine transformation in global capital markets. Adding Armin’s exceptional experience to our Board of Directors gives CDP stronger strategic oversight, enabling us to continue to deliver insightful and impactful services and products to our stakeholders.”
Armin joins Christoph Schröder, Ph.D. (Chair) and Morgan Gillespy on the Board of Directors, which provides oversight and strategic guidance to CDP Europe’s leadership team, propelling the organization to achieve its mission, strategy and goals.
CDP Europe is a charitable organization registered in Brussels and Berlin and on the EU Transparency Register since 2012. It is part of the CDP Global System, a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with over 590 investors with $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 10,000 organizations around the world disclosed data through CDP in 2020, including more than 9,600 companies worth over 50% of global market capitalization, and over 940 cities, states and regions, representing a combined population of over 2.6 billion. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP and on LinkedIn to find out more.
CDP Worldwide (Europe) gGmbH is a charitable limited liability company headquartered in Berlin, Germany, registered on the EU Transparency Register since 2012. It is a wholly owned subsidiary of CDP Europe AISBL, a charity based in Brussels, Belgium.