The motivation mentions both AP4’s good results and our work with the Portfolio Decarbonization Coalition (PDC).
As head of Sweden’s fourth national Swedish pension fund, Andersson provides significant institutional clout in environmental and corporate activism. The Skr295 billion ($36.4 billion) AP4 fund co-founded the Portfolio Decarbonization Coalition, an alliance of institutional investors committed to reducing investments in the worst fossil-fuel polluters. Launched at UN Secretary General Ban Ki-moon’s climate summit in late 2014, it has attracted 12 institutional investors. Andersson, a former head of Nordic equities at Deutsche Bank, also plans to step up the fund’s corporate activist positions. In 2014, AP4 doubled its investment in the Governance for Owners’ Japan Engagement Fund and was vocal in its opposition to Volkswagen’s €6.7 billion takeover of truckmaker Scania. It also had its best performance yet, returning 15.7%.
Mats Andersson is the only swede that is listed in the category. Alan Rubenstein, CEO for UK Pension Protection Fund tops the list in the same category.