The Global Goals
AP3 supports the UN Sustainable Development Goals
In September 2015, the 193 member states of the United Nations approved 17 global goals for sustainable and fair development by 2030. The goals, which replace the eight Millennium Goals, seek to abolish extreme poverty, to reduce inequality and injustice and to solve the global climate crisis. Reaching the goals requires governments, civil society and businesses to work together.
The Paris Agreement and Agenda 2030 are important frameworks in Sweden’s environmental work
The Swedish Parliament has endorsed the Paris Agreement and the Sustainable Development Goals in Agenda 2030. The frameworks are integrated in Sweden’s sustainability work and environmental goals adopted by the Swedish Parliament. They are key elements in shaping AP3’s sustainability work in areas in which the fund’s advocacy can make a difference, create value for the pension system and contribute to societal development.
In 2016, leading global institutional investors attended the annual PRI conference to agree a shared definition of sustainable development investments as a means to support the Global Goals and to encourage other large institutional investors to take similar action. Afterwards, AP3 and the other Swedish AP funds joined some of Europe’s largest pension funds in signing a statement stressing the importance of institutional investors investing in solutions that promote the Sustainable Development Goals. AP3 is a member of Swedish Investors for Sustainable Development, a platform for learning and sharing information about Agenda 2030 for long-term Swedish investors and financial sector actors.
From words to action
For example, in 2016 AP3 signed the Paris Green Bond Statement along with a large number of other global bond market investors to promote green bond issues as a route to financing the transition that climate change necessitates.
Below we describe the key areas in which AP3 can make a difference and where we have the greatest ability to drive change on behalf of the Sustainable Development Goals.
Goal 5: Gender equality
By voting for board members, AP3 works to ensure a more even gender balance on company boards.
Goal 6: Clean water and sanitation
AP3 has invested in water infrastructure, focusing on water supply and water treatment
Goal 7: Affordable and clean energy
Property companies are increasingly investing in solar energy as the technology is developed, including AP fund-owned Vasakronan. AP3 also invests in private equity funds and listed companies specialising in renewable energy. The Skaftåsen wind farm, which generates about 535 GWh of electricity, became operational in 2021.
Goal 8: Decent work and economic growth
Working conditions and health and safety are important issues that AP3 prioritises. The fund engages with investees to combat unsafe working conditions, workplace accidents, discrimination and child labour. The Council on Ethics initiated a project to influence human rights in the form of privacy protection in the tech sector. An expectations document was formulated with the Danish Institute for Human Rights
Goal 9: Industry, innovation and infrastructure
AP3’s investments and corporate governance help to make resource use more efficient, to raise production capacity, and to stimulate innovations and solutions that contribute to the shift to a sustainable economy and sustainable value creation.
Goal 11: Sustainable cities and communities
The property company Vasakronan is a leader in energy-saving and efficient offices and is thus a role model for AP3’s other property companies. AP3’s property companies Hemsö, Trophi, Regio and Trenum are committed to resource efficiency and social responsibility, which also boosts profitability and produces more attractive properties. One example is Hemsö, which is creating added value through the Skolgårdslyftet project, with the aim of improving schools’ outdoor environments so that they better promote children’s development and learning.
Goal 12: Responsible consumption and production
AP3 owns 240,000 hectares of forest, more than 95% of which is environmentally certified. 60% of the timber is used as building materials, furniture and furnishings, while 40% is used for paper and
Goal 13: Climate action
In 2021, AP3 joined PAII, committing to work towards the achievement of the Paris Agreement goals. AP3 contributes through significant investments in forests and green bonds, including work on both climate and biodiversity.
Goal 15: Life on land
Sustainable forestry is good for the climate. AP3 owns 240,000 hectares of production forest that is sustainably managed and 28,000 hectares of forest with various forms of extended protection.
Goal 16: Peace, justice and strong institutions
Tackling financial crime, corruption and money laundering is a key pillar of the fund’s corporate stewardship. The aim is to prevent financial damage to investee companies and investors and to minimise the risk of loss of public confidence in the financial markets.
Goal 17: Partnerships for the goals
Collaboration and partnerships are important for a pension fund like AP3. Existing climate change initiatives: Climate Action 100+, the Task Force on Climate-related Financial Disclosures (TCFD), the Transition Pathway Initiative (TPI), the Institutional Investor Group on Climate Change (IIGCC) and constructive collaborations with pension funds and investors in Sweden and abroad.
Council on ethics
The Council on Ethics is a collaboration between the First, Second, Third and Fourth AP Funds to jointly influence companies to sustainable value creation and to transparent reporting. […]
To ensure that sustainability efforts are focused on the areas deemed to have the greatest impact on investments, AP3 works with focus areas. […]
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. […]