Varma Mutual Pension Insurance Co 2020 IR
The report outlines Varma's financial and sustainability performance for the year 2020, highlighting a record high of over EUR 50 billion in pension assets despite the challenges of the COVID-19 pandemic. The company made significant progress toward its climate targets, reducing the carbon footprint of its real estate investments by 47% and its listed equity investments by 29% compared to 2015. Varma also revamped its disability risk management services, introducing a data-based forecasting model to identify disability risks in client companies. Additionally, the company maintained strong operational efficiency, using only 61% of the assets reserved for operating expenses, and was recognized in the PRI Leaders' Group for its climate reporting.
Company: Varma Mutual Pension Insurance Co
Year: 2020
Type: IR
Pages: 86
Varma Mutual Pension Insurance Co
Annual And Sustainability Report
The report outlines Varma's financial and sustainability performance for the year 2020, highlighting a record high of over EUR 50 billion in pension assets despite the challenges of the COVID-19 pandemic. The company made significant progress toward its climate targets, reducing the carbon footprint of its real estate investments by 47% and its listed equity investments by 29% compared to 2015. Varma also revamped its disability risk management services, introducing a data-based forecasting model to identify disability risks in client companies. Additionally, the company maintained strong operational efficiency, using only 61% of the assets reserved for operating expenses, and was recognized in the PRI Leaders' Group for its climate reporting.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Water Consumption
Total Waste
Women on Board
Women in Management
Net Zero Target
Employees