Sustainability – based on core values and international conventions
AP3’s commitment to sustainability is based on the core values of the Swedish government. These values, set out in the Instrument of Government, are based on democracy, the equal worth of all individuals, the right to human freedom and dignity, and sustainable development.
According to the law governing the AP Funds, environmental and ethical considerations shall be integrated into investing activities without compromising the overall objective of high returns at low risk. AP3’s ethics are based on the international conventions and agreements to which Sweden is a signatory.
The Swedish government’s core values are reflected in the international conventions to which Sweden is a signatory, including conventions on the environment, human rights, labour law, corruption and inhumane weapons. These values are also expressed through Sweden’s support of initiatives such as the UN’s Global Compact and the OECD’s guidelines for multinational enterprises, and through Sweden’s stance on international law issues.
Commitment to sustainability – a continuous process
AP3 became signatory to the UN’s Principles for Responsible Investment (UN PRI) back in 2006. Implementation of the principles is a continuously ongoing process to ensure that AP3 takes sustainability into account, as both asset manager and asset owner. The key words are integration, dialogue, co-operation and reporting – and the Fund has come a long way in many areas. For example, AP3 has always been an active, committed owner of the companies the Fund invests in, while integrating sustainability with investment analyses and investment strategies is a process under constant development.