The approach of the AP funds to corporate governance is based on promoting the objective of securing high investment returns. Legislation requires that the funds take no account of business or economic policy considerations in their investment decisions.

AP3 is in a unique position to exercise influence as an independent institutional shareholder in the Swedish equity market. Our status as part of the national pension system framework makes us independent of other investors and commercial interests. This autonomy gives us a good basis for earning respect for the way we conduct ourselves as an investor, which is vital if we are to gain support for our approach to key issues.

AP3´s global corporate governance policy >>

AP3's approach to environmental and ethical compliance >>

AP3's approach to the UK Stewardship Code >>

Responsible ownership

AP3’s main tools for exercising governance are:

• Active participation in nomination committees.
• Dialogue with company board directors and executives.
• Exercise of voting rights at AGMs.
• Speaking at AGMs.
• Active involvement in developing the system of self-regulation through participation in organisations such as the Institutional Owners Association for Regulatory Issues in the Stock Market and the Council for Swedish Corporate Governance.
• Building relations and working closely with Swedish and international investors.
• Focus on environmental and ethical issues.