Key themes in Sweden - ESG & Sustainable Finance
On March 16, I overcame my flight shame and visited Stockholm for the first time in three years to listen to the conversations among the financial market players gathered at the annual conference Sustainable Finance ("Aktuell Hallbarhet").
In Sweden, the conversations are dominated by questions around ESG investing and the Swedish banks' Sustainable Finance team.
However, Stefan Nystrom from the Swedish Environmental Protection Agency (Naturvardsverket) made a lasting impression with his conclusion: "The most important thing to focus on is the levels of PPM" (ref @421 ppm 05/03/2023).
Parts per million (ppm) refer to the concentration of carbon dioxide (CO2) in the Earth's atmosphere contributing to global warming.
Scientists and policymakers often use the ppm measurement of CO2 concentrations to track changes in the Earth's climate over time, and to measure progress in reducing greenhouse gas emissions and mitigating the effects of global warming. For more information on the current level of CO2 concentration in the Earth's atmosphere;
The European Space Agency: The Copernicus Atmosphere Monitoring Service (CAMS) provides daily forecasts and maps of CO2 concentrations worldwide.