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AP4

PRI reporting framework 2020

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Outputs and outcomes

LEA 09. Number of companies engaged with, intensity of engagement and effort

Indicate the proportion of companies in your listed equities portfolio with which your organisation engaged during the reporting year.
We did not complete any engagements in the reporting year.

Number of companies engaged

(avoid double counting, see explanatory notes)

Proportion of companies engaged with, out of total listed equities portfolio

Individual / Internal staff engagements

130
8

Collaborative engagements

548
32
Service-provider engagements
30
2

09.2. Indicate the breakdown of engagements conducted within the reporting year by the number of interactions (including interactions made on your behalf).

No. of interactions with a company
% of engagements
One interaction
2 to 3 interactions
More than 3 interactions
Total
100%

09.3. Indicate the percentage of your collaborative engagements in which you were the leading organisation during the reporting year.

Type of engagement

% leading role
  Collaborative engagements

09.4. Indicate the percentage of your service-provider engagements in which you had some involvement during the reporting year.

Type of engagement

% of engagements with some involvement
Service-provider engagements

09.5. Additional information. [Optional]

Besides this form of engagement AP4 is also involved in 39 nominations committees in Swedish companies, counting as Governance engagement.

.


LEA 10. Engagement methods

10.1. Indicate which of the following your engagement involved.

10.2. Additional information. [Optional]

Contact with companies differ from case to case. Contact with companies, and respones from companies could be via mail if the issue is less sever and easy to solve. There could also be visits to the headquarters or at different sites if the case is more complicated or more severe, but also for educational reasons for the portfolio managers and related staff for future situations. Regarding Swedish companies it is mainly contact with the Chairman or the CEO.


LEA 11. Examples of ESG engagements

11.1. Provide examples of the engagements that your organisation or your service provider carried out during the reporting year.

ESG Topic
Pollution|General ESG|Health and Safety
Conducted by
Objectives

Together with The Church of England Pensions Board, Church Commissioners for England, are the Sweden’s Public Pension Funds Council on Ethics for AP1, AP2, AP3 and AP4, are leading a gobal independent public classification system that monitors the safety risk of mining company tailings dams. 

Scope and Process

The funds are jointly proposing that the new system should be independent of companies and require annual audits of all tailings dams as well as verification that the highest corresponding safety standards are being implemented. All reporting should be made public through an accessible database that communities, governments, civil society and investors can access. 

Outcomes
ESG Topic
Executive Remuneration
Conducted by
Objectives

Together with international investors engage with 10-15 international companies regarding remuniration, asking for real performance criterias in the programs.

Scope and Process

Se above

Outcomes
ESG Topic
Human rights
Conducted by
Objectives

Initiative to engage with companies using cobolt in their products

Scope and Process

Se above

Outcomes
ESG Topic
Labour practices and supply chain management
Conducted by
Objectives

Food supply engagement with Systianalytics as lead. Looks at the risk for child labour and forced labour in the food industries supply chain.

Scope and Process
Outcomes

11.2. Additional information. [Optional]

Besides of different special engagement, AP4 is active in a number of Swedish Nomination Committées, engaging with Swedish companies in a number of issues where the outcome is hard to measure and/or takes some years before we could measure the outcome. On the Global market is AP4 active in the Council of Ethics, and of course through initiatives in connection to CO2. There are also a number of different initiatives that AP4 support and and have been engaged regarding corporate governace and the development of corporate governace. That is for example initiatives like CA100+, TPI and ICGN.


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