Swiss APK designs new climate strategy for investments
The managing board of Aargauische Pensionskasse (APK), the CHF11.6bn (€10.6bn) Swiss pension fund for the employees of the Aargau canton, has designed a climate strategy to hedge the fund against risks caused by climate change.
The climate strategy for the entire equity portfolio kicks in this year. APK will aim to reduce climate risks “efficiently [and] cost-effectively” with a particular focus on equities.
The strategy will also include three other additional pillars: commitment to increase dialogue with invested companies, aim to reduce risks generated by a deviation from capital market indices; and conduct an annual assessment of the impact of its climate strategy on investments.
Measuring the impact of its climate strategy on investments may lead to a change of its investment strategy if necessary, it said.
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