Responsible Investing

Swedish pension giant hints at possible Saudi Aramco divestment

While Norway’s KLP has blacklisted Saudi Aramco, Sweden’s AP7 default fund has, so far, stuck with its much-criticized investment in the world’s largest oil firm. This may change, the fund now says.
AP7 remains invested in the world's largest oil company, Saudi Aramco. | Photo: Maxim Shemetov/Reuters/Ritzau Scanpix
AP7 remains invested in the world's largest oil company, Saudi Aramco. | Photo: Maxim Shemetov/Reuters/Ritzau Scanpix
by KIM WIESENER

AP7 may reconsider its SEK 500m (EUR 44.4m) investment in Saudi Aramco if the Swedish default pension fund is able to verify that the oil giant is violating its blacklisting criteria.

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