AP7 and LGIM in partnership regarding climate change
31 May 2023
AP7 has entered into a partnership with Legal & General Investment Management (LGIM) to develop a climate change strategy that forms part of AP7’s change portfolio.
The partnership with LGIM is an active investment mandate. The objective of the active mandate together with LGIM is to achieve a positive effect in companies’ climate transition and at the same time achieve positive value development. LGIM’s and AP7’s joint strategy is to identify and invest in companies that are lagging behind in their climate work today but that, through active ownership management, have the potential to adjust in line with the Paris Agreement.
AP7’s Climate Action Plan
The transition portfolio is part of AP7’s plan to contribute to achieving global net zero emissions by 2050, AP7’s Climate Action Plan . AP7’s transition portfolio is based on the fact that we can likely do more good in a company with high emissions that has a longer transition ahead, than in a company that is already best in class. This through increased investments and active ownership management. The ambition is to achieve real economic effects through globally reduced emissions.
Source: Sjunde AP-fonden (AP7)
