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Policy for responsible investments

AP3’s policy sets clear priorities

AP3’s policy for responsible investments describes the overall framework for AP3’s work with sustainability and ownership governance. The policy contains a number of basic principles for corporate governance and how the fund relates to the portfolio companies’ social and environmental responsibility.

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AP3’s policy sets clear priorities

AP3’s policy for responsible investments describes the overall framework for AP3’s work with sustainability and ownership governance. The policy contains a number of basic principles for corporate governance and how the fund relates to the portfolio companies’ social and environmental responsibility.

Four overarching positions

The policy establishes four overarching positions:

  • As a responsible owner and investor, AP3 must contribute to countering climate change and limit its effects in accordance with the Paris Agreement. AP3’s portfolio must provide net zero emissions of greenhouse gases by 2045 at the latest in accordance with the Swedish government’s climate goals and climate scenarios for 1.5°C global warming.

  • As a responsible owner and investor, AP3 must consider how the fund’s investments affect material portfolio and societal risks linked to biodiversity and ecosystems.

  • AP3 has the ambition that the portfolio should contribute to the conservation and positive development of biological diversity by 2030 at the latest.

  • AP3 must, as a responsible owner and investor, work to ensure that human rights especially linked to the companies’ operations are respected, maintained and strengthened where there is a need.
    Through active ownership management, AP3 must work to ensure that the companies the fund invests in are well managed and have good governance.

Focus areas

AP3’s sustainability work will:

  • Be based on AP3’s basic assumptions and the AP funds’ shared values

  • Contribute to the sustainable development of society in the context of the mission to create value for the state income pension system

  • Be implemented in line with UNPRI’s principles for responsible investments. Read more at unpri.org.

  • Drive change through shareholder engagement with the aim of companies pursuing valuecreating transition and sustainability work

  • Focus on areas in which the fund is judged to be able to make the biggest difference

  • Be communicated and reported internally and externally in a clear manner.

Allocation of responsibilities and reporting

The sustainability policy is established annually by the Fund’s board and revised if necessary. The Fund’s CEO has the overall responsibility for ensuring that the policy is complied with and implemented in the operational activities. The board must be continuously informed about how sustainability work is conducted and developed.

Policy for responsible investments

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Focus areas and targets

To ensure that sustainability efforts are focused on the areas deemed to have the greatest impact on investments, AP3 works with focus areas. Based on the Board’s positions, AP3 is currently working with the following four focus areas: Corporate governance, Climate, Human rights and Biodiversity.
Focus areas and targets
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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.
AP3’s environmental impact
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Sustainability

AP3’s sustainability work is based on the Swedish state’s values, where democracy, the equal value of all people, the freedom, dignity and sustainable development of the individual are central parts.
Sustainability