Storebrand Asset Management welcomes more industrial scrutiny: "Asset managers, who don't deliver what they've promised, will eventually be found out"

It will eventually become much easier for stakeholders to identify which asset managers contribute to the mitigation of climate change and who do not, according to Storebrand Asset Management CEO.
To asset managers, trust is hard to gain and very easy to lose, says Storebrand Asset Management CEO Jan Erik Saugestad. | Photo: ERIK LINDVALL
To asset managers, trust is hard to gain and very easy to lose, says Storebrand Asset Management CEO Jan Erik Saugestad. | Photo: ERIK LINDVALL

To asset managers, trust is hard to gain and very easy to lose, says Storebrand Asset Management CEO Jan Erik Saugestad. "In terms of sustainable investing, the difference between what some asset managers say and what they do is concerning," he says to AMWatch.

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The environmental, social and governance ratings of exchange-traded funds are set to be downgraded by index provider MSCI. | Foto: Delcia Lopez/AP/Ritzau Scanpix

Hundreds of funds set to lose ESG rating