13 August 2021


A new board of directors has been appointed to IFU to ensure more investments in the green transition and sustainable solutions in the world’s poorest countries.

Flemming Møller Mortensen, Minister for Development Cooperation, has appointed seven new members to IFU’s board of directors:

  • Anette Eberhard, managing partner, Institutional Investment Partners Denmark (new deputy chairman)
  • Thomas Bustrup, deputy director general, Confederation of Danish Industry
  • Hanna Line Jakobsen, senior vice president, social & humanitarian, Novo Nordisk
  • Jarl Krausing, deputy CEO and international director, CONCITO
  • Irene Quist Mortensen, senior CSR business partner, Arla International
  • Nanna Hvidt, former director, Danish Institute for International Studies, head of evaluation and research, Ministry of Foreign Affairs
  • Emilie Agner Damm, chief analyst, the Economic Council of the Labour Movement

Michael Rasmussen, CEO, Nykredit, is re-appointed as chairman. All board members are appointed for three-year terms.

The composition of the board reflects the government’s wish to achieve a better balance in IFU’s investments between return on investment and broader sustainability and social return.

Furthermore, the new board will contribute to honouring the ambition of the new Danish development strategy, Sharing the World (Fælles om Verden) that IFU will make more sustainable, green and responsible investments in developing countries, especially in Africa and the poorest countries.

“Denmark has to be at the forefront of the struggle for the climate and the green transition. Especially in the developing countries that are severely affected by climate change. IFU’s investments contribute significantly to fulfilling the UN Sustainable Development Goals and the climate ambitions of the Paris Agreement. Thank you to the seven new board members. I am looking very much forward to working with them,” said Flemming Møller Mortensen, Minister for Development Cooperation.

The minister continued: “Denmark has a lot to offer in terms of sustainability, corporate governance and social justice. In light of the corona crisis and the urgent need for a global green transition, IFU is becoming even more important. Together, the board reflects the characteristics and values that are decisive for IFU’s work and purpose.”

The Minister for Development Cooperation has reappointed Michael Rasmussen as chairman of the board. The chairman stated:

“I would like to thank the Minister for Development Cooperation for his confidence in us. The new board has a strong financial, corporate and climate and development profile. The board has been extended with two members, and we have greater diversity and a better gender balance on the board. I would also like to thank the retired board members, who have made a tremendous effort for IFU. It is our job to ensure that IFU’s investments create value in the countries where we invest and to remember that the investments are only sustainable if they are financially sustainable as well.”