Our climate goals and progress in achieving them

Climate change mitigation has been one of the main goals of Varma’s responsible investment for many years now. We invest in companies, funds and real estate that create solutions for reducing emissions and take climate-related risks into account in their operations. In particular, we are constantly on the lookout for companies that benefit from climate change mitigation in their operations, for example, by creating products and services to replace fossil fuels.

Our climate goals are ambitious

Our main goal is to achieve a carbon-neutral investment portfolio by 2035.

  • We are committed to exiting from thermal coal investments by 2025 and to excluding oil exploration by 2030.
  • We are gradually reducing emissions in different asset classes (e.g. in equities).
  • In our real estate, we aim for fossil-free electricity and heating by 2025 and 2030, respectively.

Taking steps towards carbon-neutral portfolio

We have almost reached our goal to exit fossil investments, as there are only a handful of such investments remaining. We are also gradually reducing the emissions of different asset classes.