Continued focus on climate change

Over the year, all Funds belonging to the Ethical Council have become affiliated with the Institutional Investors Group on Climate Change (IIGCC).

IIGCC is a forum for European investors on climate issues. The Group is committed to voicing investors’ views on climate issues and to helping companies, government agencies and fellow investors appreciate the long-term risks and opportunities associated with climate change. The climate issue is of crucial importance to the AP Funds as a long-term investors. Currently, there is considerable uncertainty about future regulations and the framework envisaged for cutting greenhouse emissions and stimulating alternative sources of energy. This makes it difficult for companies to invest profitably and for investors to predict risk and return. IIGCC provides an efficient platform for promoting investors’ wishes concerning the climate issue. It is also a good way for the Fund to stay abreast of the latest information on various climate-related investments.