AP4 ranked first for approach to climate change

Swedish pension fund AP4 has been ranked first in a survey of 100 global pension funds and their approach to climate-related risks and opportunities.

The survey was carried out as part of the Asset Owners Disclosure Project (AODP), which evaluates pension funds against the recommendations put forward by the UN’s Task Force on Climate Related Disclosures.

In 2016, AP4 was placed ninth in the AODP ranking and third in 2017.

“We are very pleased to have been awarded the highest rating in AODP’s ranking: this shows that our work in sustainability makes a difference,” said AP4 chief executive Niklas Ekvall.

The report also shows that over 60 percent of the world’s largest pension funds have little or no strategy on climate change.

“Reducing climate change is a prerequisite for stable economic growth in the future, and thus for AP4’s stability to achieve its mission over time,” said Ekvall.