Första AP-fonden´s carbon footprint

Första AP-fonden’s carbon footprint Measurements of the Fund’s carbon footprint show that all of Första AP-fonden’s portfolios have a much lower carbon footprint than the benchmark portfolios, irrespective of the measure used. For the total listed equity portfolio, the Fund’s footprint is between 17 and 25 per cent lower than that of benchmark portfolios.    The carbon footprint of an equity portfolio describes the extent of emissions of greenhouse gases released by the portfolio companies, in relation to Första AP-fonden’s share of ownership. The AP Funds AP1, AP2, AP3, AP4, AP6 and AP7 agreed in 2015 on a common standard for reporting the Funds’ carbon footprints (see www.apfonderna.se).    The carbon footprint of the AP Funds is calculated for holdings as at 31 December 2016 using the latest available CO2 data for direct emissions (Scope 1) and indirect emissions from energy (Scope 2).    The carbon footprints are reported using the following three indicators: 1. Absolute carbon footprint for the listed equity portfolio equalling the owned share of the companies’ aggregate emissions (tCO2e). 2. Carbon dioxide intensity, in which the absolute carbon footprint is related to the share of ownership of the companies’ market value (tCO2e/SEKm). 3. Carbon dioxide intensity, in which the absolute carbon footprint is related to the share of ownership of the companies’ turnover (tCO2e/SEKm). The table below shows Första AP-fonden’s carbon footprint according to the measures described above for the listed part of the equity portfolio. That portfolio makes up 39 per cent of the Fund’s total portfolio. For 2016, 68 per cent of the carbon footprint in the total portfolio is based on reported emissions, 9 per cent is calibrated data and the remaining 23 per cent is based on estimated information. A summary of the calculations is published on www.ap1.se. The calculations are performed by Trucost.  

      Absolute carbon footprint (tCO2e) Carbon dioxide intensity in relation to market value (tCO2e/SEKm) Carbon dioxide intensity in relation to turnover (tCO2e/SEKm)
  Absolute Relative* Absolute Relativte* Absolute Relative*
Sweden 92 150 –52% 2,6 –52% 4,2 –51%
Developed countries 827 185 –15% 14,1 –15% 28,1 +6%
Emerging markets 732 247 –21% 33,2 -21% 46,4 –13%
Total 1 651 582 -25% 14,2 –25% 24,7 –17%

  * The “Relative” columns show the extent of the portfolios’ carbon footprint in relation to that of the benchmark portfolios. Negative figures mean that the Fund’s portfolio has such a lower footprint than that of the benchmark portfolios.

Certificate Carbon Offset 2016

Certificate Carbon Offset 2015