Swedish conservation society fires shots at AP-funds' active dialog strategy

Sweden's AP-funds continue to invest in the fossil fuel industry and explain the decision with being active owners and wanting to impact businesses to move in the right direction. But the method doesn't work, according to a new report.

Magdalena Håkansson, head of sustainability at AP1 and Johan Florén, head of Communication and Governance at AP7. | Photo: PR / AP

Few of the companies extracting coal, oil and gas Sweden's AP-funds have tried to impact through active ownership and dialog have set emissions goals in line with the Paris Agreement, shows a new report published by the Swedish Society for Nature Conservation (SSNC).

The study covers both buffer funds AP1-4 as well as the premium pension system default fund, AP7, but is not the first instance of the conservation society analyzing the Swedish pension system from a sustainability perspective.  A report from last year showed that AP1-4 together invested in 89 of the world's 200 biggest fossil companies.

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