AP Funds' Ethical Council uses dialogue to encourage corporate responsibility

The Ethical Council of Sweden’s First-Fourth AP Funds has today presented its first annual report. In connection with this, the Ethical Council has published the names of the companies with which it is currently engaged in dialogue.

 

- This dialogue is the Ethical Council’s most important tool for encouraging companies to act responsibly. Our discussions are aimed not only at pressuring the companies in question to address documented violations. As long-term investors we also want to see them implement preventative systems to avoid similar violations in the future, says Carl Rosén, Chairman of the Ethical Council.

The infringements of conventions identified by the Ethical Council are often indications that a company has not acknowledged its responsibility for incidents or taken an adequately proactive approach to environmental and social issues.

Pursuing a process of this type demands both discipline and a large portion of patience. Although the Ethical Council prefers to see continuous progress, there is an awareness that it can take time to achieve results. It is therefore a particularly satisfying that already during the Ethical Council’s first year, one of the targeted companies has taken the necessary action and subsequently been removed from the list.

- We are convinced that when companies take their responsibility and make these issues an integral part of their day-to-day business, they are a better investment for us and ultimately also for Sweden’s pensioners, says Carl Rosén.

Read more about the Ethical Council’s working methods and first year of activity on our webpage.

 

Contact:

Carl Rosén, 2008 Chairman of the Ethical Council
E-mail: ethicalcouncil@ges-invest.com
Mobile: +46 (0)73-940 10 10

Publicerad den 21 april 2008