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AP1

PRI reporting framework 2017

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities

07.1.

Roles present in your organisation

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

ESG integration

The Board of Directors identifies priorities - ESG is one of them. Första AP-fonden´s investment philosophy based, among other themes, on sustainable value creation, is adopted to the board. The board has also adopted AP1's overall sustainability policy and vision. ESG integration issues are addressed by the Managing Director directly when it comes to strategic decisions and decisions to exclude issuers from the universe, and are delegated to the CIO when it comes to day to day integration. The Head of Sustainable value creation reports to the CIO as are the Head of different asset classes. Each of the Head of asset classes are responsible of integrating ESG in their team´s investment decisions with the support of the Head of Sustainable value creation and Head of Corporate Governance. At least once a year, the Managing Director shall report to the Board on how integration activites are evolving.

Active ownership

Första AP-fonden's ownership policy is adopted by the Board of Directors. Ownership issues are addressed by Första AP-fonden's Managing Director directly or according to his delegation to another executive in each individual case. In ownership issues of greater importance, the Board Chairman should be consulted and the matter should then be reported to the Board. Ownership issues of particular importance should be referred to the Board by the Chairman. Furthermore, ownership issues which are found to be of a significant nature at the time of reporting should be subject to treatment by the Board. At least once a year, the Managing Director shall report to the Board on compliance with the ownership policy.

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

3 Number

07.4. Additional information. [Optional]


SG 08. RI in performance management, reward and/or personal development

08.1. Indicate if your organisation’s performance management, reward and/or personal development processes have a responsible investment element.

Board members/Board of trustees

Chief Executive Officer (CEO), Chief Investment Officer (CIO),  Investment Committee

Portfolio managers

Investment analysts

Dedicated responsible investment staff

08.3. Provide any additional information on your organisation’s performance management, reward and/or personal development processes in relation to responsible investment.

Variable pay are mot part of the remuneration package at any level at AP1.

08.4. Describe the level of experience board members/trustees/chief-level staff have with incorporating ESG factors into investment decision-making processes.

          
        

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