News archive
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Annual Report 2014 for The Ethical Council – A successful focus on the mining industry and three recommended exclusions
The Ethical Council of the AP-Funds builds its process on dialogue with companies both when problems arise in their business and for preventive measures.
AP3 reports strong results for 2014
AP3 reported income of SEK 34,977 million (32,398), representing a total return of 13.8% before expenses and 13.7% after expenses.
AP3 increase holding in Oxford Biomedica
Third Swedish national Pension Fund (AP3) has per December, 2014 purchased shares in Oxford Biomedica, OXB LN, and now holds 3.3443 percent of shares and votes.
AP3 measures carbon footprint
The Third Swedish National Pension Fund (AP3) has analysed the carbon footprint of its equity investments and found it to be 27 percent lower than the Fund’s global benchmark index.
AP3 reports income of SEK 16.6 billion and a doubling of fund capital since 2001
Interim report 1 January – 30 June 2014: The Third Swedish National pension Fund, AP3, has reported very strong income of SEK 16.6 billion for the six months ended 30 June 2014.
Disclosure of Holdings HICL LN
Third Swedish National Pension Fund have per 18 June 2014 acquired 14,800,000 shares in HICL LN. Third Swedish National Pension Fund’s share of votes now amounts to 5.3934 percent.
With reference to the cross-party agreement on pensions
Kerstin Hessius, CEO AP3, comments: “AP3 will not be making any further comments on the agreement announced today 12 March 2014 until a formal proposal is made available to relevant parties for comment. A new bill will require us to adapt operationally to the new framework, though this remains some way off at the present time. Many aspects of the agreement have yet to be clarified and no timeframe has been published.”
Solid growth for AP3 in 2013
AP3 reported net profit of SEK 32,398 million (22,638) in 2013. This represents a total return of 14.2% before expenses and 14.1% after expenses.
Contract Award Notice – Procurement of a Global Voting Service
The First to Fourth AP Funds (the Funds) have carried out a procurement of a Global Voting Service.
Swedish AP Funds exclude four companies accused of contravening international conventions
The First, Second, Third and Fourth AP Funds (AP1-AP4) are to divest their holdings in Walmart, Freeport McMoRan, Incitec Pivot and Potash after being advised by their Ethical Council that several years of engagement with the companies had failed to delivered the desired results.
AP3 appoints Kerim Kaskal as CIO
AP3 has appointed Kerim Kaskal as Chief Investment Officer (CIO).
Interim report January-June 2013
The first six months of 2013 saw an initial surge in equity prices in many markets. However, volatility subsequently increased, bond yields rose and equity markets went into retreat.
Stewardship report from the AGM season 2013
AP3 voted at 65 Swedish and 509 foreign AGMs during the 2013 AGM season and held seats on the nomination committees of six companies: Aerocrine, Arise Windpower, Bergvik Skog, Cellavision, DiaGenic and Karolinska Development.
AP3 invests in new credit fund that integrates sustainability analysis
The Third Swedish National Pension Fund (AP3) is pleased to announce that it has initiated a relationship with Generation Investment Management and has invested 50 million USD in Generation’s new Global Credit Fund (The Fund).
Ethical Council’s annual report for 2012 – engagement yields results
During 2012 the Ethical Council conducted dialogues on various aspects of environmental and social responsibility with a total of 118 companies worldwide.
Allocation decision regarding operational due diligence services
Third Swedish National Pension Fund has decided to sign agreement regarding operational due diligence services with Aksia LLC.
New Heads of Business Support & Control and External Management
Katarina Utterström, CFO and Head of Business Support & Control, is leaving AP3 to take up a position as a consultant at Omeo Financial Consulting.
2012 – a strong year in an uncertain world
AP3 recorded a profit of SEK 22,638 million (loss: 5,483) in 2012.