Sweden's AP funds plan falls short on ensuring ethical credentials: Amnesty

A draft law containing new rules for Sweden's capital-heavy national pension buffer funds is inadequate, say Amnesty International, Greenpeace, and others. It fails to include crucial rules that would force the funds to obey the country’s pledges on human rights and the environment, they say.

Amnesty International is critical of proposed new ethical investment regulation in Sweden. | Photo: /ritzau/AP/Bela Szandelszky

Around the world, Sweden's AP funds are seen as beacons of responsible investment. But now, a group of 19 campaign groups, religious and consumer organisations in Sweden have clubbed together to persuade the Swedish government to force them to do better.

Greenpeace, Amnesty International are among others who have written a joint open letter calling on the government to change a proposed law so that the AP pension funds would be legally required to invest in accordance with Sweden's international commitments on human rights, the environment and climate.

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