National Audit Office: AP-funds' sustainability work has plenty of room for improvement

Days after the government evaluated the new investment mandate's impact on fossil fuel holdings, a 100-page report has been released that scrutinizes the AP-funds' sustainability work and makes improvement recommendations.

Photo: PR / AP-funds

Sweden's National Audit Office evaluates the work of the country's six national pension funds every year and publishes the results in the spring. This year’s report focuses on sustainability work and whether the AP-funds 1-4, 6 and 7 clearly integrate sustainability factors into their work while maintaining their key aim, which is to deliver long-term strong returns.

The new report comes just days after the government published its own summary of the ESG-related work, highlighting how the funds have reduced or even divested entirely from fossil fuels since they were given a new investment mandate in 2019.

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