Sweden's AP7 pension fund bans another 35 companies from its investments

Idemitsu Kosan Co

08/12/2025 15:55

OSLO, Dec 8 (Reuters) - Sweden's AP7 government pension fund has added 35 companies to its portfolio blacklist, mostly fossil fuel producers, excluded from its investments on environmental sustainability grounds, the fund's operator said on Monday.

The list of new exclusions included France's TotalEnergies TTEF.PA, Britain's BP BP.L, Norway's Aker BP AKRBP.OL, U.S. group Chevron Corp CVX.N and Japan's Idemitsu Kosan 5019.T, AP7 said in a statement.

The AP7 fund, which manages 1.4 trillion Swedish crowns  ($148.6 billion), has now banned over 140 firms from its investments, its exclusions list showed, for ethical grounds ranging from human rights and labour rights violations to the environment and corruption.

($1 = 9.4198 Swedish crowns)

 (Reporting by Terje Solsvik, editing by Gwladys Fouche)

 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))