Swedish Institutional Investors Launch Integrity Forum

    Stockholm (NordSIP) – In an apparent effort to address  Peace, Justice and strong institutions (SDG 16) and Partnerships (SDG 17), AP1, Folksam, SEB Investment Management, Skandia, the Church of Sweden and Swedfund are partnering with Transparency International (TI) Sweden to launch a new Investors Integrity Forum (IIF).

    “TI Sweden sees a unique opportunity to sharpen its work on business ethics together with investors. Robust work against corruption is an investment in sustainability and creates better conditions for profitable investments “, says Ulrik Åshuvud, Chairman at TI Sweden.

    IIF is a platform where investors and TI Sweden can jointly pursue important issues linked to corruption risks, acquire and disseminate knowledge and promote transparency, integrity and accountability, and thus create better conditions for sustainable and profitable investments.

    Corruption and lack of compliance complicate all development and jeopardise companies’ ability to create value and profitability.  In recent years, several Swedish companies have been associated with money laundering and bribery, and it has been costly for both the companies and their owners. Corruption can also have far-reaching negative consequences for third parties. For example, counterfeit certificates and certificates in certain industries can be devastating to both people and the environment.

    “It is gratifying that we have now formed the Investors Integrity Forum with the aim of strengthening our and other investors’ work against corruption and non-compliance. AP1 has for a long time worked actively to curb money laundering, financial crime and corruption in various ways. We are now taking another step in this important work. ” says Ossian Ekdahl, Chief Active Ownership Officer.

    Image from Shutterstock

    Filipe Albuquerque
    Filipe Albuquerque
    Filipe is an economist with 8 years of experience in macroeconomic and financial analysis for the Economist Intelligence Unit, the UN World Institute for Development Economic Research, the Stockholm School of Economics and the School of Oriental and African Studies. Filipe holds a MSc in European Political Economy from the LSE and a MSc in Economics from the University of London, where he currently is a PhD candidate.

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