April 21, 2008
The Ethical Council of Sweden’s First-Fourth AP Funds has confirmed it is currently engaged in “active” dialogue with 13 companies over breaches relating to human rights, labour laws, corruption and the environment.
In its first annual report, the Ethical Council published the names of the companies it is currently in dialogue with, and the status of the discussions, in an effort to “establish an understanding of the work we are doing”.
The council was established in 2007 and consists of a representative of the four Swedish pension buffer funds – AP1, AP2, AP3, and AP4 – and is guided by GES Investment Services, an ethics consultant.
By Nyree Stewart