Sweden’s Financial Supervisory Authority, Finansinspektionen, has opened an investigation into whether companies should report the carbon price they use for internal modelling and investment decision-making.
The body, which regulates financial services in the country and is overseen by the Ministry of Finance, “will investigate the possibility of promoting, at both national and international level, that companies increasingly report an internal price for carbon dioxide emissions”, it said in a statement last week.
It also told RI that it is “looking at” the use of climate scenario analysis and stress testing, describing the tools as an “important part of the international work on sustainable finance that we are engaged in.”
FI has been relatively quiet on sustainable finance so far, despite Sweden more generally leading the world on the topic. The Swedish central bank recently made history by divesting sub-sovereign bonds from issuers in …