Individual/internal engagements are mainly with Swedish companies where AP3 is a much bigger owner than in the absolute majority of non-Swedish holdings.
Participation in Collaborative and Service Provider engagements is done to have more impact and reach results and change. But also to leverage on the common knowledge and experience.
In sustainability related issues and corporate stewardship AP3 focus on areas where we believe we can achieve maximum impact and exert the greatest influence. AP3 generally enjoys greater scope for influencing Swedish companies compared to foreign enterprises due to the fact that our Swedish equity holdings are considerably higher in percentage terms. In collaboration with other institutional owners the ambition is to make an impact also on non-Swedish companies.
AP3 may also address both Swedish and international companies direct in letters sent to a chosen number of investee companies to make them aware of the importance of certain issues, as the climate and the approach to the SDGs.
2018 AP3 also was part of a reference group put together by The Swedish Agency for Growth Policy Analysis in a project to address the impact of ESG and ESG ratings in the process of a greener/more sustainable economy and financial market.
AP3 is also active in the SISD network, Swedish investors for Sustainable Investments, initiated by SIDA.