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Interview With Andrejs Landsmanis
Interview With Andrejs Landsmanis
Interview With Andrejs Landsmanis
Andrejs Landsmanis, Head of Strategic Asset Allocation at Första AP-fonden, about the
conclusions of the “Climate Change Scenarios – implications or Strategic Asset Allocation”
study that Första AP-fonden has taken an active part in.
What does that mean in concrete terms? Will you focus on other types of
investments?
Part of our strategic review consists of an environmental analysis and to the extent that
this analysis indicates that we should realign our investments, we will do so.
So you plan to buy more farms and forests? Will Första AP-fonden become an estate
owner?
This will be done in a structured manner. We will do investments in different ways, we
will not invest in individual properties.
Does your participation in the study mean that you are taking a position on whether
or not climate change exists?
We are taking position to the extent that we see climate change as a genuine risk that
we need to be aware of our strategic discussions and future investments.
Have you overlooked environmental and climate issues in your earlier reviews?
No, but this time we have a much more structured and effective approach than
previously.
What about oil companies, will you eliminate them from the portfolio?
It is possible that the cost of oil extraction will increase as a result of higher taxes or
stricter requirements in many countries, and the oil companies need to plan ahead so
that they can manage these changes and continue earning money. But it is too early to
say in detail how this will affect our investments in individual sectors.
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