They Manage $310 Billion, and They Want New Carbon Pricing Rules
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Three of the biggest asset managers in Sweden have started a campaign to force listed companies to back up their carbon-emissions claims with a lot more data.
Alecta, Folksam and Robur Asset Management, which together oversee about $310 billion, want Nasdaq OMX Nordic to set new rules for the companies that trade on the exchange. Firms should be forced to show how they calculate the future cost of carbon emissions, they argue, pointing to significant inconsistencies in current methods that make it virtually impossible for investors to know what they’re buying.