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22 June 2012
Swedish AP pension funds divests in Lundin Oil
Responsible Investments:
Swedish UN Principles for Responsible Investment signatory, pension provider and insurer
AMF
, has followed its peer Folksam in selling its stake in Lundin Petroleum over allegations that the oil exploration firm was involved in human rights abuses in Sudan. AMF owned 7 million shares valued at €103 million.
The two disinvestments send signals to the market that traditional potentially high return investments need more than just good financial performance to attract the interest of the two pension providers.
For more information see:
http://www.responsible-investor.com/home/article/lundin_divestment/
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Sustainable Investment Research Platform
Provided by Webforum