Two Swedish pensions agencies have succeeded in procuring new systems for the sustainability analysis of funds within the premium pension system from two providers, in a process that had to be rebooted in July following a fruitless first effort.
The Swedish Fund Selection Agency (Fondtorgsnämnden, FTN) announced this morning that it and the Swedish Pensions Agency (Pensionsmyndigheten) had signed contracts with MSCI ESG Research Limited and Clarity AI for the systems.
Erik Fransson, FTN executive director, said: “This ensures the Swedish Fund Selection Agency’s access to relevant sustainability data over a longer period of time.”
The two agencies will use the new systems both for procurement of funds and for ongoing monitoring of funds within the premium pension system, the FTN said.
Fransson said the selection of the two particular providers did not affect the FTN’s positions on individual sustainability issues, and the systems would be used solely as input for information gathering and analysis.
The three-year contracts include an option to extend for up to six years, and the solutions will be implemented during the course of this month, the Tumba-based agency said.
Back in July, the two agencies had to cancel and re-launch their joint procurement for the systems originally started in March, after finding nine out of ten tenders had failed to meet the mandatory requirements.
When it re-launched the procurement, the FTN said changes it had made in the procurement documents, along with feedback provided to firms tendering the first time around, should allow more providers to meet the requirements.
