Founded in 1992, Kåpan Pensioner is a mutual insurance society managing the occupational pension for Swedish government workers. Kåpan had over 800,000 beneficiaries and US$ 9.3 billion of assets under management as at December 31, 2018.
The public pension fund's responsible investment strategy is guided by international conventions the Swedish Parliament has signed such as the UN Global Compact, the OECD's guidelines for multinational companies, the Oslo (Cluster Munition) and Ottawa (Anti-Personnel Mines) Conventions, and the UN Sustainable Development Goals. Furthermore, security selection is done using a positive screen so that companies included in their portfolio reach a minimum threshold of ESG performance. As part of its Climate neutral strategy, Kåpan has been making investments in forestry and land to compensate the negative impact of its holdings.