Responsible investment 2020

The coronavirus pandemic has stress-tested companies around the globe. As the world's largest shareholder, we have seen this at close hand. In all, we held 2,877 meetings with companies in 2020. We also voted on 121,619 resolutions at shareholder meetings and began to publish an explanation whenever voting against the board's recommendation.

Annual report 2020

The outbreak and spread of the corona-virus had a dramatic impact on the markets in the first quarter, followed by a rapid recovery in the second. The year saw high levels of volatility and considerable variations between sectors. Although global economic growth was hit hard, the fund’s equity investments returned 12.1 percent. Our technology stocks made a particularly strong contribution, returning no less than 41.9 percent.

Historic management reviews

The first 20 years of investing in equities

The first 20 years of investing in equities

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The first 20 years with external managers

The first 20 years with external managers

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The first 10 years with real estate

The first 10 years with real estate

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The first 20 years of investing responsibly

The first 20 years of investing responsibly

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Expectation documents

We have published expectations of how companies in our portfolio should address global challenges in their operations since 2008. These expectations largely coincide with the UN Sustainable Development Goals.

Children's rights

Children's rights

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Water management

Water management

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Human rights

Human rights

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Tax and transparency

Tax and transparency

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Anti-corruption

Anti-corruption

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Ocean sustainability

Ocean sustainability

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More on responsible investment

Voting guidelines

Analysis

Our analyses are informed by our research and experience as a large, long-term investment manager. The Discussion Note series provides a basis for our investment strategy and advice to the fund’s owner. The Asset Manager Perspective series presents our views on topics relevant to the financial sector. The perspectives are not intended to be definitive but to provide useful input for all market participants.

Strategy plan