Companies excluded från AP4's investment universe

The Fund believes that good ethics and attention to environmental concerns, in tandem with responsible active ownership, are prerequisites for companies achieving sustainable healthy returns.

The Fund believes that active responsible owners are needed to drive change for the better. This is true of Swedish companies as well as foreign. Active owners are also needed to induce companies, such as those that violate conventions, to become more responsible. The Fund makes a positive difference by getting involved as a responsible active owner.

Through active dialogue with other owners, AP4 and the Ethical Council attempts to influence the companies and drive change for the better on environmental and social/ethical issues. The Ethical Council is a collaborative effort of AP1, AP2, AP3, and AP4 that began in 2007.

The Ethical Council uses a systematic process to identify, review, and select the companies with which to conduct a dialogue and determine the goals to be achieved through the dialogue. The Ethical Council is monitoring several cases in which companies have been linked to violations of international conventions and principles. Dialogue can be time-consuming as well as trying, but experience to date shows that it is a powerful tool that yields results.

List of companies excluded from AP4's investment universe

The Ethical Council has the annual routine of urging these excluded companies to act in compliance with the international conventions.

You can read more information about the companies excluded on the Ethical Council's  website: www.ethicalcouncil.com