AP3 more than doubles green bond allocation

    Stockholm (NordSIP) – In its latest annual report, AP3 highlights that it has more than doubled its allocation to green bonds. “During the year we also cemented our position as one of the largest Nordic investors in green bonds by doubling our holdings. At year-end, this portfolio was worth SEK 9.5 billion,” commented Kerstin Hessius, CEO of AP3.

    In parallel, it reports that the fund recorded a decrease in the carbon footprint of its portfolio holdings, a trend that continued from previous year. These sustainable investment initiatives were accompanied by a strong net performance of 9.4% after expenses, which corresponded to an income of SEK 28 billion, up from SEK 20 billion last year. Hessius said: “A net result of SEK 28 billion is a strong performance, especially considering the weak performance of equity markets in the first six months of the year. We also made a substantial contribution to the pension system by delivering a return that exceeded the income index by 7.6 percentage points.”

    Picture (c) Wasant—

    Aline Reichenberg Gustafsson, CFA
    Aline Reichenberg Gustafsson, CFA
    Aline Reichenberg Gustafsson, CFA is Editor-in-Chief for NordSIP and Managing Director for Big Green Tree Media. She has 18 years of experience in the asset management industry in Stockholm, London and Geneva, including as a long/short equity hedge fund portfolio manager, and buy-side analyst, but also as CFO and COO in several asset management firms. Aline holds an MBA from Harvard Business School and a License in Economic Sciences from the University of Geneva.

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