Alecta says Söderberg sustainability report misses the point

Sweden's biggest pension fund has hit back at the firm behind a new sustainability report after being given the lowest grade. Söderberg & Partners has missed the point, it says. The main task of pension companies is to contribute to a sustainable pension system.

Per-Olof Söderberg, chairman of Söderberg & Partners. | Photo: PR

Surprised by being awarded the lowest mark in the 2017 sustainability report produced by independent adviser Söderberg & Partners, the SEK 774 billion (EUR 79.4 billion) pension provider Alecta, has criticized the basis for the review’s judgement.

In a commentary on its website, Alecta – Sweden's largest pension fund – says it welcomes the review, calling the study "good and important" with its audits and comparisons of sustainability work in the pensions industry.

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