Another Swedish Pension Fund Makes Huge ESG-Focused Divestment
Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund. Closely following its sister fund, in accordance with new legislation, Swedish pension fund AP1 has divested from several environmentally harmful categories. The $1 billion AP1, one of four pension funds that manage the retirement assets of the nation, said it has removed allocations to nuclear weapons, tobacco, coal, and oil sand companies from its investment portfolio “since the beginning of the year.”...