RE: Swedish sell off16 Feb 2024 12:17
Translation
Sveriges Lärare divests shares in Arc Minerals
Sveriges Lärare sells off its entire shareholding in Arc Minerals. This was after information emerged that the company's operations could conflict with Sweden's Teachers' capital investment policy.
As part of the management of Sweden's Teachers' total securities capital, the association owns shares in the company Arc Minerals. The investment has been judged to be in line with Sweden's Teachers' capital investment policy, which states that assets must be invested sustainably, ethically and responsibly.
Information has now emerged which indicates that there are doubts about the company's operations and tax residency.
- Sweden's Teachers' shareholding must reflect the union's values, which are based on human rights and democracy. Only the suspicion of the opposite causes us as a trade union to act, says Sveriges Lärares' chief financial officer Jonas Larsson.
Because of this, Sweden's Teachers has begun the process of selling off its entire shareholding in Arc Minerals.
- We take this very seriously and also review our guidelines and our total holdings to ensure that there are no doubts about our investments, says Jonas Larsson.