The Council on Ethics is a collaboration between the four AP Funds (AP1, AP2, AP3, AP4), which are buffer funds in the Swedish National Pension system. In 2001, the four funds were given a common mission – to invest the buffer capital so as to achieve the greatest possible benefit for the pension system and generate high long-term returns with a low level of risk. In so doing, the Funds must exercise ethical and environmental consideration without compromising the overall objective of attaining a high return. Through dialogue, the Council on Ethics aims to influence companies around the world to better take sustainability into consideration because our conviction is that well-managed companies are better investments. Sustainability issues are of great importance to people and communities and to the value creation in the companies. This is how we can contribute to development and to sustainable pensions for the pensioners today and tomorrow.