The AP Funds’ sustainability work – investments and corporate governance

The Swedish National Audit Office (Swedish NAO) has audited whether the national Swedish pension funds’ (AP Funds) sustainability work is appropriate, i.e. if they integrate sustainability into investments and ownership without compromising the overall objective of long-term high returns with the greatest benefit for the pension system.

The audit shows that the AP Funds’ sustainability work is appropriate in relation to their respective overall objective. Sustainability aspects are integrated in the AP Funds’ policy documents and have been integrated into the funds’ asset management and corporate governance. The extent of this integration is reasonable based on the overall objectives of the AP Funds. However, measures should be taken in order for the AP funds assets’ to further promote the Riksdag’s goals and intentions for sustainable development.