They manage USD 310 billion, and they want new carbon pricing rules

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.

Photo: Jens Hartmann Schmidt

Alecta, Folksam and Robur Asset Management, which together oversee about EUR 273bn (USD 310bn), 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.

“We think we have come far enough that Nasdaq OMX should consider making this a part of the listing requirements,” Alecta’s chief executive officer Magnus Billing said in an interview.

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