Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The Investor Board of Directors has decided on Investor's sustainability strategy and approach. The climate targets are aligned with the Paris Agreement's aim of limiting global temperature rise to below 1.5 degrees above pre-industrial levels. All climate change engagement activities are based on this strategy, which ensures alignment. The engagement is primarily performed by representatives from the Board of Directors. Annually, the Board follows up on progress. Investor has a structured governance process for the policy framework including defined roles and responsibilities. The overall policy framework is reviewed by the board on an annual basis. Over the past year we have aligned our policies with our overall climate commitment, one example is our climate objective aligned with the Paris Agreement, that is included in the Sustainability Policy and climate in included more explicit in the due diligence process for new investments.
The Chair of Investor AB has regular contacts with policy makers in Sweden and in the EU. In addition, Investor AB interacts and/or is a member of associations as ICC, European Round Table, the Confederation of Swedish Enterprise and a selected number of Swedish Chambers of Commerce. We advocate our commitment to the Paris Agreement, the need for a global price mechanism on carbon and one global reporting standard as well as the importance of a level playing field.