AP7, the state-operated default fund in Sweden’s defined contribution premium pension system, has put out a tender for services within its responsible investment operations.
The SEK630bn (€62bn) pension fund announced it is seeking a supplier or suppliers for two tender areas.
The first is for norms-based screening, controversial weapons screening, cannabis screening, Paris climate agreement screening, norm-based engagement, semiannual bespoke reporting and ad hoc support.
The second area, meanwhile, is for custom proxy research, custom proxy voting and ad hoc support, according to the tender document.
A spokesperson for the fund told IPE the procurement is a re-tender for services currently being provided by ISS-ESG, and the services requested are all activities the fund has been carrying out for several years.
This tender is part of an expected renewal and is subject to the public procurement act, AP7 said.
In the tender document, the Stockholm-based pension fund said the estimated value of the services over the past two years was about SEK5m.
The contracts being offered are for two years, the fund said, with it having the right after that to extend for a maximum of 48 months on one or more occasions, with otherwise unchanged conditions.
The deadline for bids is just before midnight on 3 December 2020.