Climate related risks and opportunities are an integrated part of AP6’s investment process and thereby part of the oversight responsibilities of management level roles, specifically CIOs and Deputy Managing Director, which is responsible for responsible investments on a management level.
Due diligence of direct and indirect investments should include climate change due diligence as appropriate. When climate related aspects of an investment are material, this should be part of the decision material presented to the investment committee (management level), and ultimately, to the board of directors.
AP6 board of directors has set climate related targets regarding carbon transparency as well as climate related strategy and risk management. Management is responsible for the oversight of activities enabling the performance against those targets, through assigning an annual climate analysis of the portfolio, which includes a carbon footprint of the portfolio.