SWEDEN -Tredje AP-fonden (AP3), Första AP-fonden (AP1), Andra AP-fonden (AP2) and Fjärde AP-fonden (AP4) have each tendered for providers of ethical and environmental analysis.
The procurement will also require the successful parties to provide advice with regards to domestic and global asset management.
The funds intend to sign with one to five suppliers for a three-year period, with the possibility for each to extend the frame agreement for one further year.
The basic brief is for monitoring of international convention violations, corporate analysis of ethical and environmental issues, plus advice and support for dialogue with companies.
Bids should be submitted to all four funds via AP4, no later than 6 September.
Evaluation of tenders will be done jointly by the funds, however each fund will make its own independent decision regarding the procurement.
The Swedish national Pension Funds Act, which governs the AP-funds, demands that consideration is given to ethics and the environment without compromising the overall goal of attaining a high return. Each fund has an ethical and environmental policy.
They invest in Swedish and global portfolios which contain more than 5000 securities. Their portfolios are comprised mainly of equities and fixed income instruments.
The Swedish National Pension Funds (AP-funds) are part of the pay-as-you-go component of the Swedish retirement pension system.
The basic principle is that the current pension benefits are financed by contributions. The role of the AP Funds is to act as a buffer in the system.
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