Forsta AP Fonden, also known as the First Swedish National Pension Fund, is a prominent player in the investment management industry, headquartered in Stockholm, Sweden. Established in 2001, the fund has made significant strides in sustainable investment practices, focusing on responsible asset management across various sectors. With a diverse portfolio that includes equities, fixed income, and alternative investments, Forsta AP Fonden is committed to generating long-term returns while adhering to environmental, social, and governance (ESG) principles. The fund's unique approach to integrating sustainability into its investment strategy has positioned it as a leader in the Nordic region. Recognised for its robust performance and commitment to transparency, Forsta AP Fonden continues to set benchmarks in the industry, contributing to the financial security of Sweden's pension system.
How does Forsta Ap Fonden's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Forsta Ap Fonden's score of 30 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Forsta Ap Fonden reported total carbon emissions of approximately 610,000,000 kg CO2e, encompassing Scope 1 and 2 emissions. This figure represents a notable increase from 2022, when emissions were about 400,000,000 kg CO2e. Over the past five years, emissions have fluctuated, with 2021 recording approximately 600,000,000 kg CO2e and 2020 at about 580,000,000 kg CO2e. The highest emissions in this period were in 2019, reaching around 800,000,000 kg CO2e. Despite these figures, Forsta Ap Fonden has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate commitments or science-based targets suggests a need for further transparency regarding their climate strategy. The organisation's weighted average carbon intensity for Scope 1 and 2 emissions has varied, with values reported at 6,300 kg CO2e per SEK in 2023 and 7,100 kg CO2e per SEK in 2022. Overall, while Forsta Ap Fonden's emissions data indicates significant levels of carbon output, the lack of clear reduction commitments highlights an opportunity for the organisation to enhance its climate action efforts.
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Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Forsta Ap Fonden is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.