Home » Corporate social responsibility » Corporate practices » Sweden: insurer Folksam offloads Tesla shares due to its anti-union stance Sweden: insurer Folksam offloads Tesla shares due to its anti-union stance On 2 May, the Swedish insurer Folksam (3,524 employees) announced that it was selling all of its shares in Tesla. It cites issues at the American car manufacturer owned by Elon Musk with regard to workers' rights in Sweden. The company has been in conflict with the Swedish trade union IF Metall for over a year due to its refusal to negotiate a collective agreement on salaries. By Nathalie Tran. Published on 04 April 2025 à 14h25 - Update on 04 April 2025 à 14h26 Resources On 2 May, the Swedish insurer Folksam announced that it was withdrawing its $160 million (€145 million) stake in Tesla because of the electric car manufacturer’s “problematic” attitude towards workers‘ rights in Sweden. “Tesla’s approach to employee rights violates the Folksam Group’s investment criteria,” the insurer said in a statement. These are based on international conventions and the United Nations Global Compact: they concern the climate and the environment,… Nathalie Tran Collective agreement Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst nameLast nameOrganizationFunctionemail* Object of the messageYour messageRGPD J’accepte la politique de confidentialité.URLThis field is for validation purposes and should be left unchanged. Essentials Latest articles Longer careers: a new state of affairs for companies CSRD: social and environmental reporting market takes shape Analysis & Data Latest articles Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
