Varma’s core function, securing pensions, is a significant social mandate. Sustainability is an integral part of our daily work.
The oversight responsibility for sustainability at Varma is exercised by the Board of Directors. Sustainability issues are represented in Varma’s Executive Group by the Senior Vice President, Sustainability and Communications.
Sustainability is developed and coordinated by the Responsible Investment & Sustainability department.
Sustainability of our own operations and the supply chain
We take into account the impacts of our operations on the environment and society throughout our supply chain.
In taking care of its social mandate, Varma must operate in an exemplary manner. This means our suppliers must also have a high standard of ethics and a good reputation.
Respect for the environment is a central part of Varma's sustainability. We also require our suppliers to be aware of their environmental impacts and to take them into account in their operations.
Varma is committed to promoting human rights and to operating in accordance with global principles concerning human rights. We also require our suppliers to comply with the same principles.
We carry out sustainability surveys of our own operations and our suppliers in order to identify, mitigate and prevent adverse environmental and human rights impacts.
Read more about the sustainability of our own operations and the value chain in our Annual and Sustainability Report.
Engagement with investees
The purpose of active ownership and engagement is to promote sustainability themes or address companies’ unsustainable operations. We engage in regular dialogue with the management and the boards of directors. A typical channel for engagement is meetings between decision-making portfolio managers and investee companies. Investor co-operation through different committees and joint initiatives is a major means of engagement.
Joint engagement projects
Finnish shareholder meetings and Varma's voting 2023
Foreign shareholder meetings and Varma's voting 2023
Finnish shareholder meetings and Varma's voting 2022
Foreign shareholder meetings and Varma's voting 2022
Shareholder meetings and Varma's voting 2021
Shareholder meetings and Varma's voting 2020
Shareholder meetings and Varma's voting 2019
Engaging through networks
Varma is a member of the Finnish corporate responsibility network Fibs and Finland’s Sustainable Investment Forum Finsif.
Go to Fibs website
Go to Finsif website
We are a member of the Climate Leadership Coalition (CLC), an organisation formed by Finnish companies and the Finnish Innovation Fund Sitra that challenges businesses and society to mitigate climate change.
Go to Climate Leadership Coalition website
Varma is an official partner of Helsinki Pride.
Go to Helsinki Pride Community website
Principles for sustainable business
In taking care of its social mandate, Varma must operate in an exemplary manner. Our way of operating is described in the Code of Conduct, which is complemented by other internal policies and guidelines.
We report on the progress of our sustainability work in our Annual and Sustainability Report.
Annual and Sustainability Report 2022
Annual Report archive
UN Principles for Responsible Investment (PRI) reports:
PRI responsible investment report 2021
PRI responsible investment report 2020
PRI responsible investment report 2019
PRI responsible investment report 2018
PRI responsible investment report 2017
PRI responsible investment report 2016
PRI responsible investment report 2015
PRI responsible investment report 2014