Sweden’s third state pension buffer fund, AP3, has announced new sustainability targets in its interim report. The fund pledged to double its investments in sustainability and green bonds by 2025, and also to halve its carbon footprint within the same timeframe.Kerstin Hessius, AP3 chief executive, said: “In February, the board of directors adopted new sustainability goals for 2019-25, which raise the fund’s ambitions in sustainable investment and governance.”A spokesman from the fund confirmed that this was the first time the sustainability and green bond targets had been announced publicly, having been set by the board in February. Kerstin Hessius, CEO, AP3The fund said investments in green bonds would reach SEK30bn (€2.8bn) and other sustainable investments would increase to SEK25bn.AP3 said it would continue to measure and report on its carbon footprint, perform scenario-based portfolio analysis of climate risks and opportunities, and once more halve its carbon footprint, mainly by encouraging investees to reduce their climate impact.The fund reported a return on investments of 10.8% in the first half of 2018, compared with 3.3% in the same period last year. Its equities and inflation risk categories had performed strongest, it said. Assets under management rose to SEK374bn (€35bn) by the end of June, from SEK341bn at the beginning of this year. The fund reported a net result of SEK36.5bn in the first six months of 2019.This article was updated on 27 August to amend the performance time period in the penultimate paragraph. The new goals fell into three main categories: pledges to continue to contribute to a reduced risk of global warming; doubling sustainable investments by 2025; and promising that AP3’s directly-owned companies would be leaders in sustainability.
TOYOTA 500 LINEUP: Live updates, resultsElliott was not injured, but he was hurt. When Busch came back around during the ensuing caution period, Elliott delivered a one-finger salute:Chase Elliott is NOT happy with Kyle Busch at Darlington. 👀 pic.twitter.com/w1IQZNQZXx— FOX Sports (@FOXSports) May 21, 2020Elliott’s crew chief, Alan Gustafson, had an expletive-filled conversation with Busch after the race. Gustafson was Busch’s crew chief when the two were at Hendrick Motorsports.Lots of swearing tonight. Good TV. pic.twitter.com/SZlBSYLTh7— Eric Estepp (@EricEstepp17) May 21, 2020Busch told FS1 after the race was called by rain (Hamiln got the win because he was leading at the time) he was trying to squeeze in between Elliott and Kevin Harvick and got the speed and distance wrong. He said it was “a bad mistake” on his part.”Misjudged it, made a mistake and clipped the 9 there and spun him into the wall,” Busch said. “I hate it for him and his guys. I’ve got too many friends over there on that team to do anything like that on purpose. I’ve raced Chase since he was a kid and never had any issues with him whatsoever.””I made a mistake and just misjudged the gap.”- Kyle Busch on his incident with Chase Elliott pic.twitter.com/zH4ZLGKDz4— FOX: NASCAR (@NASCARONFOX) May 21, 2020″They’re upset, they’re mad. I’m not just going to fix it and we’ll have ice cream tomorrow,” an irritated Busch said when pressed by Matt Yocum on whether Gustafson believed Busch’s explanation. “Obviously they’re going to have to dwell on it and there are repercussions of it I’m sure I’m going to have later on down the road.”Busch later posted a video saying he would try to contact Elliott and apologize to him. Chase Elliott showed Kyle Busch exactly what he thought of Busch spinning him late in Wednesday’s Toyota 500 at Darlington Raceway.The two were racing for the lead with Denny Hamlin when Busch ventured up the track and got the right front of his car into the left rear of Elliott’s machine. The No. 9 car was sent sliding along the frontstretch and into the inside retaining wall. Kyle Busch describes his relationship with Chase Elliott and says he will reach out to apologize, but knows that doesn’t change the outcome: pic.twitter.com/zWIaBrDhcO— Bob Pockrass (@bobpockrass) May 21, 2020Gustafson told Yocum that didn’t think Busch wrecked Elliott intentionally, but he’s still upset that his driver was wrecked when he was poised to win.”You get tired of getting run over like that,” he said.”You get tired of getting run over like that.”Alan Gustafson wants to make sure his displeasure is known. pic.twitter.com/YCfNBo7FvU— NASCAR (@NASCAR) May 21, 2020Fox Sports’ Bob Pockrass reported that NASCAR will not fine Elliott for his gesture, or for failing to go immediately into the ambulance that was to take him from the wreck.