Andra AP-fonden (AP2) continued to develop responsible ownership and responsible investments in 2023. This took place within all of the now five focus areas prioritised by the Fund. Among other things, climate plans have been defined for additional asset classes and the Fund’s reporting has been expanded with emissions data for more asset classes and Scope 3. The Fund was also one of the financial players announced at the World Economic Forum in Davos in January 2024 as an early adopter of the new framework Taskforce on Nature-related Disclosures (TNFD), as the Fund will publish a report for 2023 in the spring.

“At AP2, we moved forward at full speed in 2023. Among other things, we have defined climate plans for more asset classes, including a process for the Fund’s investments in Swedish equities, with a detailed analysis and follow-up on the companies’ transition to net zero emissions. We have also continued to develop the Fund’s reporting, including emission data for more asset classes and scope 3,” says Eva Halvarsson, Andra AP-fonden’s CEO.

”Within biodiversity, we have analysed the Fund’s risk exposure within several of our asset classes and we are active in several global investor partnerships to combat deforestation. A very exciting collaboration has been initiated with the think tank Climate & Company to systematically identify deforestation exposure in global portfolios. Through this collaboration, we aim to create a publicly available tool that will be tested and applied to AP2’s holdings in listed equities,” says Eva Halvarsson.

“The Fund’s total carbon emissions, which include scope 1-3 and the more than 70 per cent of the Fund’s portfolio for which we report, continue to decline and decreased in 2023 by 25 per cent compared with the previous year. From 2019, we have reduced our total measured carbon emissions by approximately 48 per cent,” says Eva Halvarsson.

“Within corporate governance, we have expanded our voting in both Swedish and foreign companies. We have also had a number of dialogues with Swedish companies regarding incentive schemes, primarily the lack of performance-related goals and sustainability goals,” says Eva Halvarsson.

The English versions of AP2’s Sustainability Report and the TCFD and TNFD Reports will be available at www.ap2.se during March.

For further information please contact:

Eva Halvarsson, Andra AP-fonden’s CEO, tel. +46 (0)31 704 29 00 or
Ulrika Danielson, Head of Communications and Corporate Governance, tel. +46 (0)709 50 16 13.