With the help of South Pole Group, Swedish pension fund AP6 has conducted the first assessment of the climate impact of its investments in order to measure the carbon footprint of its portfolio. South Pole Group was commissioned to screen part of the SEK 18.5 billion strong AP6's private equity portfolio, and the results have been included in the pension fund's recently published annual report for 2014. The screening covered 80 percent of the total value of AP6's portfolio.
The AP6 pension fund is an independent owner that invests in a selection of private equity funds and directly owns shares in a number of small and medium-sized unlisted companies. The investment focus is primarily on the Nordic region.
In its capacity as a state manager of pension funds, AP6 has worked together with South Pole Group towards creating lasting and measurable changes in its operations. Direct ownership of funds is accompanied by direct responsibility: AP6 highlights in its annual report there being a clear need to increase transparency around unlisted companies' carbon emissions in order to create better conditions for relevant comparisons in the future. AP6 has begun demonstrating its own transparency by using the “Climate Impact transparent Investment" label.