Lego Billionaires Planning Big Investments in Green Assets

The fund managing the wealth of the billionaires behind Lego A/S is planning to step up investments in renewable energy.

What started half a decade ago as an idealistic project to cancel the toymaker’s carbon footprint is now beginning to make much more financial sense for Kirkbi A/S, which has $16 billion in assets under management.

“We see this as an investment area,” Soren Thorup Sorensen, Kirkbi’s chief executive officer, said in a phone interview from western Denmark. “I’m very pleased that after beginning with this back in 2012, it’s starting to show up on the ...