
Sweden’s AP2 Sees a Green Bond Explosion in Public Sector
The country’s state pension buffer says government institutions should swap fossil fuels for alternative energies in the next 10 years.
The country’s state pension buffer says government institutions should swap fossil fuels for alternative energies in the next 10 years.
Total asset value rises to $38.85 billion at the end of June.
More than a third of board members and a quarter of executives in large corporations are female.
Annual return nearly doubles earnings from previous year.
Fund’s capital rises nearly $3.7 billion to $43.6 billion in 2017.
Fund to continue its mission of implementing ESG practices into all investment decisions in 2018.
Reforms will make it harder for companies to terminate pension-age employees.
AP7 calls Facebook abandoning C shares plan an ‘important success for minority owners.’
But despite divestment, fund still owns hundreds of millions of dollars in fossil fuel stocks.