Sweden's AP1 teams up with "sustainability quants" on human rights score

AP1 has made the sustainability scoring system S-ray -- from London-based asset manager Arabesque -- a part of the way it uses ESG databases. Alongside this, the Swedish pension fund and the asset manager plan to work together to develop a collaborative score on human rights.

Swedish National Pension Fund Första AP-Fonden -- commonly known as AP1 -- has teamed up with London-based asset manager Arabesque.

Founded in 2013, Arabesque invests by integrating ESG data with quantitative investment strategies. The company describes itself as "the sustainability quants".

As part of the new partnership, AP1 has adopted the ESG data of Arabesque's algorithm-based tool S-Ray.

S-Ray analyses the sustainability performance of roughly 7,000 of the world's largest listed firms, solely based on big data and quantitative models.

The tool combines over 200 ESG metrics with news from over 50,000 sources across 15 languages.

Nadine Viel Lamare, head of sustainable value creation at AP1, says in a press statement:

“Arabesque S-Ray is a welcome addition to the other ESG databases that we already use. To get daily rating updates is particularly valuable. S-Ray also provides us with a score on Global Compact preparedness which we have been looking for."

In addition, AP1 and Arabesque are aiming to develop a sustainability score that quantifies the performance of companies based on the UN Guiding Principles on Business and Human Rights.

"We are now looking forward to developing another score together with Arabesque that will help us and other investors identify salient human rights in our portfolios," Viel Lamare says.

Maria Mahl, head of Nordics at Arabesque comments on the partnership:

“We are delighted that AP1 will integrate Arabesque S-Ray to measure and analyze the impact of its portfolios. Sweden is at the forefront of the global sustainability movement and through partnerships such as this, we are excited to help move ESG integration to the next level across the region.”

Arabesque S-ray currently monitors 6,726 companies in 75 countries. AP1 manages approximately EUR 32 billion and is one of the five AP funds acting as buffers for the Swedish national pension system.

Frontpage right now

New Nordic consultancy bets on market gap for capital market software

Having difficulties stretching your in-house resources to meet both regulatory demands and plans for digital expansion? Tried hiring help and couldn't find it locally? The founders of Nordic financial sector software consultancy Nor Associates are basing their business case on the idea that many local financial firms are having exactly these problems.

New head of Denmark's Sparinvest looks to institutions to fuel growth

Sparinvest has put a brand-new strategy in place to see it through the next four years. By the end of 2022, it must have gathered in more than DKK 60 billion in extra assets under management -- and in the future, most of its business growth is to come from institutional investors. CEO Jørgen Søgaard-Andersen tells AMWatch's siter site, FinansWatch, all about the plan.

Danish regulator spurns Danske Bank's head of wealth management

Jacob Aarup-Andersen, Danske Bank's first choice as its new CEO, has been unofficially rejected by the Danish financial regulator -- a decision that comes as no surprise to observers. But the bank's head of wealth management may yet be in the loop for the top role in the future.

Related articles

amwatch trial

Latest news


See all

See all

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch