What is our fossil fuel strategy?
In 2021, AP Pension decided that its investment portfolio should be net zero by 2050 at the latest. The path towards a net zero portfolio has resulted in an updated approach to AP Pension’s investments in the fossil fuel sector. The stricter exclusion criteria within the fossil fuel sector must be seen as a natural extension of our compliance with the Paris Agreement and sustainable behavior.
Fossil fuel exclusion criteria
Our fossil fuel strategy is based on established quantitative exclusion criteria within coal, supply, tar sands and oil and gas, but as part of our divestment strategy we have also chosen to take an individual and holistic analysis of the companies within the supply and upstream oil and gas sectors that are not covered by the quantitative criteria as a starting point.
AP Pension continues to invest indirectly in fossil fuel companies through our investments in banks, which, for the time being, continue to provide financial services to fossil fuel companies that do not comply with the Paris Agreement.