Collaborations and agreements

As a Swedish government body, AP3 is guided by the international conventions and guidelines ratified and supported by the Swedish Parliament. Examples include the UNFCCC with the Paris Agreement, the Convention on Biological Diversity and Agenda 2030.

Sustainable Finance Disclosure Regulation (SFDR)

The Sustainable Finance Disclosure Regulation, (SFDR), came into force in March 2021. The main purpose of the Disclosure Regulation is to boost transparency on sustainability issues and to increase comparability between financial market participants with regard to the integration of sustainability risks and the consideration of negative impacts on sustainable development in processes. The AP funds are not directly covered by the Disclosure Regulation but will develop their reporting with the aim of reviewing how the funds can report in line with the new standard set by the Regulation.

Key agreements

The following agreements within the ethical and environmental areas are of particular importance:

OECD’s guidelines for multinational enterprises.
ILO’s core conventions (on forced labour, child labour, equal remuneration, freedom of association and right to organise).
UN’s Declaration of Human Rights and Ruggie Principles.
AP3 also encourages companies to adopt the principles of the UN’s Global Compact.

Initiatives and partnerships strengthen the impact of corporate engagement

AP3 works with other investors to increase the opportunities to influence the companies in which the Fund invests. Below is a selection of the initiatives and partnerships in which AP3 is involved. Working with other international investors with a similar sustainability agenda helps increase the ability to influence companies to make positive change and increase transparency in reporting.

Below is a selection of the initiatives and cooperations AP3 is a part of.

Climate action 100+
IIGCC – Institutional Investor Group on Climate Change
PAII – Paris Aligned Investment Initiative
ICGN – International Corporate Governance Network
PRI – Principles for responsible Investments
TPI – Transition Pathway Initiative
TCFD – Task Force on Climate-related Financial Disclosure
TNFD – Taskforce on Nature-related Financial Disclosures

In 2016 AP3 signed the Paris Green Bond Statement along with a large number of other global bond market investors to promote green bond issues as a route to financing the transition that climate change necessitates.