AP7 publishes an updated climate action plan to support the continued global climate transition.
The climate action plan is based on the Paris Agreement’s goal of limiting global warming to 1.5°C. As a global long-term investor, AP7 sees sustainable development and strong risk-adjusted returns as closely interlinked.
An active owner in the transition
AP7’s climate action plan is built on active ownership, where dialogue and voting are key tools. By setting expectations and following up with companies and asset managers, AP7 aims to contribute to a faster and more robust climate transition. In addition to its passively managed global equity portfolio, AP7 now also has an actively managed transition portfolio. This includes both high-emitting companies that are assessed to have the capacity and willingness to transition, as well as solution providers that contribute to the transition of others.
Focus on both parts and the whole
In his CEO statement, Pål Bergström explains that as active owners, AP7 needs to operate from two parallel perspectives: the company’s responsibility for its own transition and the broader system responsibility that defines the framework for that transition. He continues:
– In our dialogue with individual companies, for example within our transition portfolio, we set expectations and focus on how they adapt and transition given prevailing regulations and incentives. At the same time, the fundamental rules of the climate transition, such as carbon pricing, energy regulation, and building standards, are shaped by policymakers and standard-setters rather than by companies themselves, and therefore require engagement at the system level.
The work continues
The climate issue no longer holds the same prominent position in political contexts today as it did when the Paris Agreement had just been adopted. At the same time, IPCC’s scientific assessments show that the global average temperature continues to rise in a long-term trend, and for AP7 it is self-evident to continue its climate efforts in line with the goals it has set.
– The path ahead will be marked by uncertainty and tradeoffs. But through clear expectations, consistent priorities, and a long-term perspective, AP7 can continue to contribute to a transition that is both financially and socioeconomically necessary. This is crucial for our savers, and for the longterm conditions on which their pensions ultimately depend., concludes CEO Pål Bergström.
Read more: Climate Action Plan 2026