Swedish Funds Managing $250 Billion Get Slammed for ESG Record
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Sweden’s state-backed pension funds have “failed” to live up to a key metric when it comes to protecting the planet, according to the country’s biggest climate organization.
The AP funds, which oversee about $250 billion in assets and have all committed to environmental, social and governance goals, continue to invest in fossil-fuel companies that are contributing to a dangerous rise in temperates, the Swedish Society for Nature Conservation said in a report on Friday.