Dialogue and impact on sustainable investment

Through dialogue, we want to influence companies around the world to take environmental, social and governance issues into consideration because our conviction is that well-managed companies are better investments. Sustainability issues are of great importance to people and communities and to the value creation in the companies. This is how we can contribute to development and to sustainable pensions for pensioners of both today and tomorrow.

The Council on Ethics is a collaboration between the four AP Funds (AP1, AP2, AP3, AP4), which are buffer funds in the Swedish national pension system.

The Council on Ethics of the AP Funds sums up a year of active engagement in a new organisation

The work of the Council on Ethics during 2023 has in large part focused on the new organisation with a new strategy, and intensive work with the selected focus areas. Of many important sustainability topics, five focus areas have been prioritised: Antimicrobial resistance, Child labour and forced labour, Climate, Big tech and human rights, and Water.

Read the Annual Report 2023 here.

Focus areas

Each year, new focus areas are chosen that are given special importance for the Council’s work.

Positions

Some issues are particularly debated, such as weapons manufacturing, alcohol, certain industries or territories. The Council on Ethics will then take a position.

Exclusions

The Council will recommend the AP Funds to exclude companies where we do not reach the desired outcome within maximum four years.