AP7, Stockholm, offered investments in six Chinese firms and one Indian firm because of their lack of credible power transition plans, it mentioned Thursday.

The 900 billion Swedish kronor ($85.5 billion) pension fund had investments value of 237 million Swedish kronor earlier than it offered them efficient June 1, a spokesman confirmed.

AP7 mentioned Thursday it invests in firms that meet the necessities of the worldwide conventions that Sweden has signed. Portfolio firms are required to comply with United Nations’ company accountability rules within the areas of human rights, labor circumstances, the setting and anti-corruption.

India’s Adani Power in addition to CITIC and Inner Mongolia Dian Tou Energy, had been banned because of their involvement in coal energy manufacturing.

In addition, 4 Chinese firms had been banned because of their involvement within the extraction of thermal coal. The firms had been:

• Jizhong Energy Resources Co.

• Pingdingshan Tianan Coal Mining Co.

• Shan Xi Hua Yang Group New Energy Co.

• Huaibei Mining Holdings Co.

AP7’s blacklist is revised yearly in June and in December. A complete of 107 firms are at the moment blacklisted and excluded from the fund’s funding universe.