AMWatch

AP3 accused of investing in nuclear weapons

Swedish national pension fund is said to have invested up SEK 1bn (EUR 100m) in 15 blacklisted firms, according to new research by domestic public service media.

Secretary General of Swedish physicians against nuclear weapons Josefin Lind. | Photo: PR: Svenska Läkare mot Kärnvapen.

The Third Swedish National Pension Fund (AP3) invests in companies involved in production of nuclear weapons, according to Swedish public service radio SR.

This is despite new legislation and a new investment mandate given to the country's four buffer funds, AP1-4, in 2019. That legislation places stricter demands on the AP funds to invest sustainably, in addition to giving them a broader mandate for unlisted and alternative assets.

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