As per December 31 2018 AP3 had direct holdings in 5 Swedish real estate companies. AP3 is represented on the Board of all of these companies. The staff responsible for sustainability engage in dialogues with the companies regarding sustainability issues. Vasakronan, the largest in terms of value of our holdings, has a special focus on green buildings, green lease agreements and an overall sustainable approach to the business. Vasakronan issues green bonds and revised their Green Bond framework during 2018 to become a Green Finance Framework to make possible the use of other debt instruments to finance eligible green assets
The 2018 GRESB results reveal that Vasakronan is one of the most sustainable property companies in the world and the company has also been recognized as the European leader in its sector. Vasakronan is ranked ninth in the world, when looking at all property companies. However, among companies with a primary focus on office space, Vasakronan holds first place in Europe and, accordingly, is also ranked number one in Sweden.
The other 4, Hemsö, Trophi, Regio and Trenum (JV with Balder) all address sustainability in their business and acknowledge the value of a continuous work on environmental issues but also social issues. Hemsö has issued a green bond with a small social component. Hemsö also issue Sustainability Bond and has a specific framework for these bonds.