Describe any specific features of your approach to responsible investment that you believe are particularly innovative.
Global equity portfolio invested in active low carbon strategies since 2012 and have been continuously developed. During 2018 AP4 decided to divest thermal coal and oil sand companies. In 2019 we anhanced our low carbon strategies by including emissions of sub-suppliers to the companies. We also implemented a specific strategy based on the transition from internal combustions engines (ICEs) to electric vehicles (EVs) in our low carbon strategies. In the annual report of 2019 we started to report the performance of different sustainability themes, please see page 24. We have started to report on resouce efficiency (water & waste), please see annual report page 34 and expect to implement an investment strategy based on resource efficiiency during 2020.