4 to 1 Investments KB, a company owned jointly by the Swedish National Pension (AP) Funds (AP1, AP2, AP3, AP4), is investing USD 400 million in Northvolt by participating in $2.75 billion private placement.
The Council on Ethics sees clear results from collaborating on impact processes. In 2020, the privacy issues of tech companies and impact on climate transition were high on the agenda. It is clear that collaboration is crucial for having an impact on important issues requiring development and change.
AP1’s CEO Kristin Magnusson Bernard is now a member of the Financial Stability Contact Group (FSCG) of the European Central Bank. The FSCG serves as a forum for discussing issues related to euro area financial stability and is chaired by the Vice-President of the ECB, Mr. Luis de Guindos.
During a challenging year AP1 delivered a high return of 9.7 per cent after costs, with net investment income amounting to SEK 34.8 billion. SEK 7.9 billion were transferred to the national income pension system. The Fund’s year-end assets under management amounted to SEK 392.6 billion. Costs were cut by SEK 123 million, a decrease of 29 per cent year-on-year, and the equity portfolio’s carbon footprint was reduced by 46 per cent during the same period.
AP1, the leading Swedish pension scheme, and TOBAM, the Paris-based research driven quantitative asset manager, today announce the adoption of a new fossil-free approach to emerging market equity and global high yield exposures.
Today, the AP fund owned, Polhem Infra have entered into a binding agreement to acquire Telia Carrier, a world leading provider in back-bone connectivity for data traffic. With the acquisition, Polhem Infra will, through Telia Carrier, own and operate more than 74,000 km of fiber network with 320 connection points in the world.
The COVID-19 pandemic has changed the playing field for the global economy and affects us all, directly or indirectly. For Första AP-fonden (AP1) the pandemic entailed some intensive activities during the spring, with constant evaluation of the allocation strategy based on a rapidly evolving situation, while at the same time measures were taken to safeguard the health and safety of the Fund’s employees.
The Council on Ethics of the Swedish National Pension (AP) Funds Annual Report 2019.
Första AP-fonden, has decided to no longer invest in fossil fuels. The decision is a result of the funds work to identify and analyse climate-related financial risks in the economy, and in the fund’s investment portfolio.
Första AP-fonden’s (AP1’s) net investment income for 2019 amounted to SEK 48.6 billion after expenses. This equates to a return of 15.1 per cent, the highest annual return in a decade. Total net assets amounted to SEK 365.8 billion at the year-end.