AUM in Action

AP Pension selects EOS for Stewardship

EOS at Federated Hermes (EOS) has been appointed by €23 billion (US$25 billion) Danish pension fund AP Pension to provide stewardship services. As part of the agreement, EOS will provide engagement, voting and public policy support across AP’s corporate equity and bond assets. Constructive engagements with corporate boards and executives on ESG and strategic issues enable institutional investors such as AP Pension to be a more active owner of equity and fixed-income assets, the fund said in a statement, with a view to supporting stronger financial performance and better outcomes for the environment and society. The appointment continues EOS’ growth momentum in the Nordics, where the group has been expanding its local presence, representing a portfolio of €52 billion in Danish assets. “As calls for a just transition intensify, it is more important that we contribute to a global financial system that delivers more sustainable outcomes…while offering long-term returns for investors,” said Howard Risby, Regional Lead for UK and Europe Engagement at EOS. “Through active stewardship and meaningful engagement, our services seek to protect and enhance the value of our clients’ assets and safeguard their reputation, supporting stronger financial performance and enhanced outcomes.” Founded in 2004, EOS advises more than US$1.4 trillion of assets to deliver corporate engagement and proxy voting services, with almost half of its engagements dating from over nine years. “Active ownership is a cornerstone of our work with sustainable investments, and an important tool to enhance our overall investment approach,” said Anna Maria Fibla Møller, Head of Responsible Investments at AP Pension. “We look forward to a mutually beneficial collaboration with EOS as we continue striving to deliver high investment returns and long-term value for all of our clients.”

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