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AP1

PRI reporting framework 2017

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.4. Indicate what norms you have used to develop your investment policy that covers your responsible investment approach.

other (1) description

          All conventions that Sweden has signed, ie includes most of the above mentioned conventions.
        

01.6. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Regardless of issuer, operations should be conducted in a financially, environmentally and socially responsible manner. Första AP-fonden's view is that the companies themselves are responsible for compliance with international conventions, regardless of whether these are directed to national governments, to individuals or to companies and organizations. As a minimum, Första AP-fonden expects all of the companies it invests in to live up to the ten principles for corporate responsibility that are defined in the UN's Global Compact and which include issues related to corporate sustainability.

The policy is implemented both by integrating ESG issues in investment decisions, external manager selection and monitoring and through active ownership. Progress is reported at least annually to the board. The Fund´s Ownership policy is reviewed annually at a minimum.


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

02.4. Additional information [Optional].

The English version of the Annual report 2016 where the overall approach is discribed will be published in April.


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

The topic of conflict of interst is included in the Ownership policy of the Fund and states " As an independent government pension fund, the risk that Första AP-fonden will be subject to conflicts of interest is smaller than for many other asset managers. Första AP-fonden uses a three-step process to handle any conflicts of interest. The first step is to identify possible conflicts of interest in advance. The second step is to handle any conflicts of interest through the Managing Director’s decision regarding the Fund’s action in each individual case. For conflicts of interest of particular significance, the Board Chairman is also consulted. Existing conflicts of interest are reported to the Board and published on the Fund’s website as they arise."

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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