Financial information & investments

Varma's climate policy

Varma has determined the carbon footprint of its investments and has published its climate policy, which details how the company will achieve a lower-carbon portfolio.

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Responsible investment

Varma invests in a responsible manner. We incorporate responsibility system-atically in all our investment operations.

We require that our investees comply with international agreements and standards, the most important of which are:

  • The UN Global Compact initiative on corporate responsibility
  • The OECD guidelines for multinational enterprises
  • The ILO labour conventions

The topics covered by Varma's principles for responsible investment include mitigating climate change, which is one of Varma's CSR targets. Because this topic is so important and topical, we have drawn up a separate climate policy. Responsibility in also included in our ownership policy.

Varma has signed the UN Principles for Responsible Investment (PRI) and published a PRI responsible investment report:

Varma has also signed the CDP (formerly Carbon Disclosure Project), and joined the PRI-supported Montréal Pledge initiative.

Share ownership policy

We have published our updated share ownership policy, which describes the expectations Varma has of companies in which it is a major shareholder.

Read more:

Varma's share ownership policy (pdf)

Varma's memberships in shareholders' nomination boards of listed companies (pdf)

News release: Varma brings good governance and responsibility to the core of its ownership steering

Shareholder meetings of Finnish listed companies and Varma's voting 2018 (pdf)

Corporate social responsibility

Varma's operations are based on work performed in Finland. Earnings-related pension is the main source of income for most pensioners. We have a strong commitment to social and economic responsibility, and as a significant Finnish real estate investor we also take responsibility for the environment.

Earnings-related pension provision forms an integral part of Finnish social security, combining both economic and social targets. Varma's economic responsibility involves ensuring the company's own profitability, and at the same time the competitiveness of the earnings-related pension scheme, in a sustainable manner. First and foremost, economic responsibility involves managing pension assets – the company must produce strong returns in the long term on the pension assets entrusted to its care.

For Varma, social responsibility means taking care of the sustainability of earnings-related pension provision. It means responsible investments, efficient earnings-related pension provision and flexible services for our customers. We want to be a pioneer in workability management. It is important for us to develop well-being at work and rehabilitation schemes. It is how we carry our responsibility for the well-being of our client companies' personnel and for the quality of Finnish working life.

Read more:

Financial, social and environmental responsibility (pdf)

Responsible investment

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