The Fund has holdings in some 160 Swedish companies. It has decided that it is impractical to attempt to vote at the AGMs of all the companies represented in its portfolio of Swedish equities. In determining which AGMs to vote in, the Fund employs the following criteria:
- Companies that are among the Fund’s 20 largest holdings.
- Companies in which the Fund’s share of voting rights is at least 0.3 per cent.
- Companies in which the Fund is among the ten largest shareholders.
- Companies with controversial issues on the agenda.
AP2 exercised its voting rights at a total of 110 (85) AGMs of Swedish publicly quoted companies during 2020. AP2 and other institutional investors have for many years enjoyed a positive and constructive dialogue with Swedish publicly quoted companies, which have included discussions about many of the issues raised at AGMs.