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AP3’s environmental impact

Respect for the environment is at the centre of the AP3 investment approach. The Fund’s direct environmental impact is relatively small, consisting primarily of business travel, use of energy for office heating and cooling, and waste. Since 2014 the Fund has decreased its direct environmental impact in several ways, of which can be mentioned a decreased energy use of 16 %, decreased CO2 emission from business trips of 21 % as well as decreased paper use of 27 %.

 

Business travel

For business trips within Sweden, AP3 staff try where possible to use the train rather than travel by air. However, most business travel is to foreign destinations and involves flying. We routinely and more often use phone and video conferencing as an alternative to business travel. Our head office location in central Stockholm is conducive to efficient travel by public transport or bicycle rather than by car. AP3 has no company cars.

Energy-efficient office

Our office premises have LEED Platinum certification. LEED is one of the world’s leading environmental rating systems for buildings. Certification covers aspects such as energy use, indoor climate and use of recycled and locally produced materials. AP3 recycles paper and electronic waste and sorts carton, metal, plastic, batteries, light bulbs and kitchen waste.

AP3´s environmental impact

Environmental data          
Organisation´s energy use 2021 2020 2019 2018 2017
Energy use, total kwh 84,028 94,140 134,904 136,149 141,420
- electricity, kwh 41,692 50,460 90,140 89,109 92,835
- heating, kwh 42,336 39,200 39,200 40,320 41,625
- cooling, kwh * 4,480 5,600 6,720 6,960
Direct greenhouse gas emissions
Business travel, CO2 tonnes 37.9 47,9 118.8 68.4 51.8
Courier journeys, no. 34 137 145 133 50
- cycle courier journeys in Stockholm, no. 13 68 96 85 45
- car hybrid journeys in Stockholm, no. 10 40 49 48 5
- courier journeys outside of Stockholm 2 2 1
- domestic and foreign couriers by air 9 27 49
Total weight of waste
Paper use, kg 469.4 475.6 865.5 687.5 487.5
Ecolabel paper as
percentage of total
paper use, %
100 100 100 100 100
Recycled paper waste, kg 698 740 1,555 1,510 4,470
Recycled electronic waste, kg 0 0 264 133 410

*2021, Cooling as of 2021 is included in electricity.