The First Swedish National Pension Fund (AP1) announced that it would divest from all fossil fuel companies in March 2020. The decision, preceded by a climate risk analysis, was taken in December 2019.
This means the buffer fund's internal equity team, which works by using a systematic management approach, was given the task of buying new holdings. These had to be in companies with the same risk appetite, but with a higher ESG-ranking and low carbon footprint.
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