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Investors to Pressure Tech Giants on Human Rights 

The Council on Ethics of the Swedish AP Funds has launched an engagement collaborative initiative focused on tech giants better managing human rights risks. It involves investors managing €6.4 trillion collectively, including Amundi, AP1, AP2, AP3, AP4, Aviva Investors, New York City Comptroller’s Office and Railpen. They will collaborate on a three-year engagement initiative with Alibaba, Alphabet, Amazon, Apple, Meta, Microsoft and Tencent focused on them addressing human rights risks pertaining to their products and business model. Magdalena Håkansson, Chair of the Council on Ethics, said: “We, together with this investor group, recognise the systemic nature of the challenges related to online content, and in addition to effecting company-level improvements hope to raise broader discussion and awareness of the risks with the services of these tech companies. The dialogues will focus on content-related practices pertaining to corporate culture and structures, vulnerable groups (especially children), access to remedy and stakeholder engagement. The Council on Ethics looks forward to addressing this highly topical and increasingly pertinent topic together with this impressive group of investors.” 

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