AP7 has completed the Theme work Climate Transition (2020-2022). The theme has focused on the financial market’s possibilities to contribute to companies being involved in the climate transition.
As a universal owner, in more than 3,000 companies around the world, AP7 has the privilege of being able to focus on systemic risks and real economic effects. A transition that leads to reduced climate risks in the real economy is of course in the interest of the entire financial sector, but many actors are forced to limit their focus to financial risks of more concentrated portfolios.
In the theme Climate Transition we have evaluated how we can use our influence as owners and develop our active ownership tools in order to contribute to real emission reductions in the companies. The lessons learned from the Climate Transition theme have been continuously applied in our ESG and active ownership.
Among other things, the work resulted in the AP7:s Climate Action Plan we published for the first time in 2022, where we describe how AP7 should work to contribute to net zero emissions by 2050. A prerequisite for the transition is that investors place clear demands on companies, above all on those with a large climate impact, and support them in their transition. To achieve this, great value lies in large capital owners collaborating and becoming a common force for change. Together, we can persuade companies to come up with credible transition plans, in order to be better equipped for the future and thus better investments.
In November, AP7 will conduct a recorded discussion on the topic of climate transition. Johan Florén, Head of ESG and Communications AP7 will discuss the topic with
- Ylva Wessén, President and CEO Folksam.
- John Hassler, Professor of Economics at Stockholm University and investigator for the Swedish government.
- Svante Axelsson, national coordinator for Fossil Free Sweden.
Read the report:
English: AP7 Theme Report Climate Transition
For more information regarding AP7 Theme work:
AP7:s temaarbeten (In Swedish)