Wallenbergs reveal carbon emissions in EUR 45 billion portfolio
Sweden’s Wallenberg family says its EUR 45 billion investment portfolio has slashed carbon emissions, as it bets ethical money management will ultimately lead to higher returns.
By Rafaela Lindeberg / BLOOMBERG
The family’s holding company, Investor AB, saw a 20 percent reduction in emissions, in absolute terms, between 2016 and 2018, according Johan Forssell, its chief executive. (2019 numbers have yet to be released).
“In the end, it’s about whether our companies are going to beat their competitors out there,” he said in an interview in Stockholm. “If they are, they need to be good in the area of sustainability.”
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