In November 2008, Swedish pension fund Andra AP-fonden (AP2) participated in the World Bank's first green bond issue, becoming one of the pioneers. Since then, the proportion of green bonds has gradually grown, and since 2016 green bonds represent a strategic asset class for the fund. As a result, its green bond portfolio is expected to grow further, the AP2 predicts.
This week, AP2 published a report to give an overview of the fund's green bond portfolio and the investments in environmental initiatives and projects.
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