AP1 divests from companies with fossil fuel activities

The Swedish state buffer fund has assessed and considered the financial risks that alignment with the goals of the Paris Agreement may mean for the fund in practice.

Urban Hansson Brusewitz, Chairman of Board at AP1. | Photo: PR / AP 1

Sweden’s AP1 has decided to divest from all companies with activities in fossil fuels, the fund has announced.

The ongoing transition to a less fossil-dependent economy comes with “great uncertainty for companies operating in coal, oil and gas industries”, and means that investments in these companies may pose a higher financial risk to the fund, the EUR 33.8 billion fund says in a statement today.

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