Andra AP-fonden invests SEK 500 million in fund for sustainable infrastructure in emerging markets

AP2 further contributes to sustainable development in line with the Paris Agreement by investing approximately SEK 500 million (EUR 50 million) in the Climate Finance Partnership (CFP) managed by BlackRock. CFP will invest in sustainable infrastructure in developing countries focusing on renewable energy with associated infrastructure such as electricity grids and battery storage.

Sustainable infrastructure is an area that requires major investment, as energy and transport systems need to undergo a rapid transition from fossil fuels to renewable sources. At the end of 2019, AP2 decided to introduce a strategic allocation to sustainable infrastructure, which according to AP2’s definition means investment that directly promotes sustainable development in line with the Paris Agreement. The portfolio for sustainable infrastructure is under construction and has made several commitments and investments in 2020 and 2021.

“We are pleased to invest in the Climate Finance Partnership, which aims to make investments that have a positive impact on the climate and sustainable development and accelerate the global transition to a low-carbon economy. This aligns well with AP2’s mission to promote sustainable development, without compromising the overall goal of a good return, says Helena Olin, Head of Real Assets at AP2.

CFP’s investment strategy is to build a diversified portfolio of sustainable infrastructure projects in developing countries. The focus will be on projects that increase the availability of renewable energy, mainly solar and wind power, but also include electricity grids, battery storage, etc. that enable increased electricity use.

In addition to AP2, the French Development Agency (AFD), the German development bank KfW, as well as three US foundations; Hewlett Foundation, Quadrivium Foundation and Grantham Environmental Trust will invest in CFP, among others.

Link to BlackRock´s press release:
Climate Finance Partnership Mobilizes US$673 Million to Accelerate Net Zero Transition in Emerging Markets | Business Wire

For further information please contact:

Helena Olin, Head of Real Assets, tel. no. (+46) (0)31 704 29 00, or

Ulrika Danielson, Head of Communications, tel. no. (+46) (0)709 50 16 13.

Andra AP-fonden is one of five buffer funds within the Swedish pension system and one of northern Europe’s largest pension funds. The Fund’s assets under management total SEK 421.2 billion (30 June 2021) and cover essentially all asset classes across the entire world. We are leading specialists in the Swedish pension system and strive to be a world-class asset manager. We are a global leader in integrating sustainability in our investments, for the benefit of the pension system. The Fund is a long-term and responsible asset manager.