The Second AP Fund continues to assess the financial impact of climate risks and will divest from 28 power utilities
The Second AP Fund (AP2) is reducing its financial risk in power utilities, whose profits derive primarily from the carbon-based generation of electricity. Consequently, the Fund will not retain holdings in 28 power utilities. These combined holdings have a total market worth of some SEK 670 million.The Second AP Fund’s climate-risk assessment of the power sector derives from its commitment to address ethical and environmental concerns without compromising the overall target of a high return on invested assets. This assessment is therefore based on a financial perspective, a consequence