Finance
Fund Managers in World’s Greenest Market Struggle With ESG Rules
New EU disclosure regulations have left asset managers in climate-friendly Scandinavia wondering how to adapt.
The sun sets beyond wind turbines and electricity power lines near Fjerritslev, Denmark.
Photographer: Chris Ratcliffe/Bloomberg
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Even in Denmark, recently ranked the world’s greenest country, asset managers are trying to figure out how to adapt to new and evolving requirements for climate-friendly portfolios.
Danske Bank A/S, Denmark’s biggest financial group, says it’s starting out with a “conservative” interpretation of new rules being developed in the European Union that are intended to steer capital away from the worst greenhouse gas emitters.