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AP7 beefs up green mandate awarded to Impax

AP7 initially allocated SEK 758m (EUR 73.5m) to Impax to invest via its Leaders Strategy in companies that contribute to solutions for climate and environmental problems.

Photo: AP7/PR

Sweden’s AP7 has increased the size of a green impact mandate it awarded to Impax Asset Management in 2018 by SEK 500m (EUR 48.5m) to SEK 1.4bn (EUR 135.8m). A key aspect of the Impax mandate is to contribute as a strategic partner to AP7’s Green Impact Objective.

AP7, the pension buffer fund, which manages the default option within Sweden’s premium pension system, initially allocated SEK 758m (EUR 73.5m) to Impax to invest via its Leaders Strategy in companies that contribute to solutions for climate and environmental problems.

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