In 2007 the AP Funds’ launched the Council on Ethics – an ownership collaboration focused on pursuing positive sustainability change through dialogue and engagement with listed, non-Swedish companies.
Since its formation the Council has conducted dialogue with several thousands of listed non-Swedish companies. Many of these dialogues has been constructive and led to tangible improvements. In some cases, the Council recommended the AP Funds to exclude the companies in question as the objectives of the dialogue had not been achieved. A number of these companies became investible once again after having adopted measures in line with the Council’s demands.
The ownership collaboration in the Council has enabled the AP Funds greater opportunities to influence companies, led to greater resource and time efficiency, enabling, among other things, more reactive company dialogues and proactive initiatives to be carried out. The Council also collaborates with other international investors with a similar agenda of pursuing sustainable development, increasing the opportunities to encourage companies to effect positive change.