AP2 quits holdings in tobacco and nuclear weapons companies

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AP2 quits holdings in tobacco and nuclear weapons companies – Pensions & Investments








































































<br /> <!-- Swiftype Variables --> <br /> AP2 has divested from equities and bonds in 60 producers of tobacco and nuclear weapons, following the implementation of regulation.Paulina Pielichata<br /> <br /> AP2, Gothenburg, Sweden, divested from equities and bonds in 60 producers of tobacco and nuclear weapons, a spokeswoman said Tuesday. </p> <p>Following the Jan. 1 implementation of a sustainable money management act in Sweden, which requires Swedish pension funds have to manage assets in a socially responsible manner, the 334.8 billion Swedish kronor ($36.9 billion) excluded tobacco companies and businesses involved in the maintenance and modernization of nuclear weapons systems.</p> <p>The divestment from tobacco companies is in line with the intention to sharply reduce tobacco consumption and the harmful effects of tobacco smoke, AP2 said in a statement Monday. </p> <p>AP2 sold interests in companies that are involved both in the maintenance and modernization of nuclear weapons systems to reflect of its intention to support long-term disarmament of nuclear weapons in all countries. </p> <p>






























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