Carsten Stendevad
Co-Chief Investment Officer for Sustainability
Carsten Stendevad joined Bridgewater in 2017, and serves as Co-CIO for Sustainability, overseeing Bridgewater’s overall sustainable investing efforts including the design and oversight of investment solutions with both financial and sustainability impact objectives. He is also a Partner of the firm and a member of the Commercial and Business Strategy Committee, and he co-chairs the firm’s Sustainable Investing Committee. Carsten is a Board Advisor to GIC and their Investment Strategies Committee.
Prior to joining Bridgewater, Carsten served as the CEO of ATP, Denmark’s national pension plan, where he was responsible for all investment-related activities and chaired the Investment Committee. Previously, Carsten was a Managing Director in Citi’s Investment Banking Division in New York, with global responsibility for Citi’s corporate finance advisory team. Earlier in his career, Carsten was a Consultant at McKinsey & Company and an Analyst at the Central Bank of Denmark. Carsten served on the Global Steering Committee for the Blended Finance Taskforce, and on the Danish Committee for Corporate Governance, where he led the development of a Stewardship Code for institutional investors. Trained as an economist from the University of Copenhagen, he also holds a Master of Public Policy from the Harvard Kennedy School of Government.
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More from Carsten Stendevad
May 17, 2023
Co-CIO for Sustainability Carsten Stendevad joins Bloomberg's Sustainable Finance Forum to discuss how Bridgewater is designing institutional portfolios that seek to achieve financial and sustainability objectives, including alignment to net zero.
May 1, 2023
At an event hosted by the Center for Sustainable Development (CSD) at the Brookings Institution, Carsten Stendevad, co-CIO for Sustainability, shares how institutional investors can build systematic portfolios aligned with their net zero commitments.
April 5, 2023
Co-CIO for Sustainability Carsten Stendevad joins the “Summa & Friends” podcast to discuss how investors with sustainability goals, such as net zero, can rethink their investment processes — from security selection to portfolio construction — to build aligned portfolios at scale. See important disclosures and other information.
November 30, 2022
The publicly traded firms in a handful of emissions-intensive sectors are responsible for about 60% of all global emissions. By allocating capital to climate solutions and carbon improvers in these sectors, investors can make progress toward their net zero goals, even if that leads to higher spot portfolio emissions than if they were to cut these emissions-intensive sectors altogether.
September 21, 2022
Top1000Funds highlights Co-CIO for Sustainability Carsten Stendevad’s recent conversation in a sustainability forum at Harvard University as he examines the role of investors in financing the transition to a low carbon economy and measurements involved in assessing and understanding the credibility of a company’s transition plans.
July 19, 2022
On an episode of Reuters’ “The Exchange” podcast, Co-CIOs for Sustainability Karen Karniol-Tambour and Carsten Stendevad share their perspectives on the current ESG debate. While agreeing with a number of the common criticisms, they lay out their case for the merits of pursing sustainable investing in a fundamental and systematic way.
April 2022
Rich Lesser relayed lessons learned from his leadership at BCG to advance agendas around sustainability and diversity and inclusion, and perspectives on what today’s corporate leaders face.
June 6, 2022
Co-CIO for Sustainability Carsten Stendevad shares insights on what the war in Ukraine means for the energy transition, consumption of fossil fuels, and green ambitions in Europe.
April 26, 2022
Co-CIOs for Sustainability Karen Karniol-Tambour and Carsten Stendevad discuss how the Ukraine invasion has changed the sustainable investing landscape, what the energy price rally has meant for global climate policy, and how they think about building a diversified portfolio that can also have a positive sustainability impact.
April 21, 2022
At the Top1000Funds “Sustainability in Practice” forum, Co-CIO for Sustainability Carsten Stendevad joined Amanda White for discussion on today’s hot inflationary environment, the multi-faceted nature of the transition to a low-carbon economy, and how investors are seeking to build “sustainable” portfolios at scale to support their net zero commitments.
January 2022
Co-Chief Investment Officers for Sustainability Karen Karniol-Tambour and Carsten Stendevad share their 2022 Outlook.
December 2, 2021
As part of the Brookings Institutions’ “17 Rooms” podcast series, Co-CIO for Sustainability, Carsten Stendevad discusses the role institutional investors can play in the fight against forced labor and modern slavery, and the project he is co-leading to bring together leading global modern slavery experts to develop reliable forced labor risk data for institutional investors to use in their investment processes.
November 19, 2021
The transition to green energy will be an increasingly important driver of economies and markets. In this research, we stress test the impact on investor portfolios of four broad mechanisms that could accelerate the climate transition.
September 14, 2021
At Top1000Funds Sustainability in Practice Digital, Co-CIO for Sustainability Carsten Stendevad and PGGM’s Jaap van Dam discuss the need for more clarity and better communication in sustainability.
July 14, 2021
At Bloomberg’s Sustainable Business Summit Global conference, CIOs for Sustainability Carsten Stendevad and Karen Karniol-Tambour discuss Bridgewater’s systematic approach to building portfolios that incorporate sustainability goals.
May 13, 2021
In an interview with Top1000Funds, Co-CIOs for Sustainability Karen Karniol-Tambour and Carsten Stendevad discuss how Bridgewater is deploying its systematic research process to meet the challenges of investors who are seeking to build portfolios that pursue return and impact-oriented goals.
May 29, 2020
As macroeconomic investors, we focus on questions about the impact of climate change on the major economies around the world. There is considerable uncertainty regarding the physical impacts of climate change on economies; as we surveyed expert views on the topic, we found a wide range of plausible outcomes for investors to consider. While the physical impacts of climate change will take years to play out, the economic and market impacts of policy choices or other human responses to climate change are likely to take place much faster.
September 2020
Our approach to building a scalable, strategic asset allocation using assets aligned to the UN Sustainable Development Goals.
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