Varma Mutual Pension Insurance Co 2018 IR
The report highlights Varma's performance in 2018, focusing on securing pensions, improving operational efficiency, and mitigating climate change. Despite negative investment returns of -2.0% due to market volatility, Varma achieved record-high efficiency, using only 60% of the insurance contributions allocated for operating expenses. The company also advanced its climate strategy by reporting on climate risks in accordance with the TCFD recommendations for the first time and reducing the carbon footprint of its corporate bonds by 28% compared to 2015. Additionally, Varma successfully prepared for the introduction of the national Incomes Register and shortened its average pension application processing time to 31 days.
Company: Varma Mutual Pension Insurance Co
Sector: Finance & insurance
Country: Finland
Year: 2018
Type: IR
Pages: 65
Back to company
Varma Mutual Pension Insurance Co
Annual And CSR Report
The report highlights Varma's performance in 2018, focusing on securing pensions, improving operational efficiency, and mitigating climate change. Despite negative investment returns of -2.0% due to market volatility, Varma achieved record-high efficiency, using only 60% of the insurance contributions allocated for operating expenses. The company also advanced its climate strategy by reporting on climate risks in accordance with the TCFD recommendations for the first time and reducing the carbon footprint of its corporate bonds by 28% compared to 2015. Additionally, Varma successfully prepared for the introduction of the national Incomes Register and shortened its average pension application processing time to 31 days.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Total Waste
Women on Board
Women in Management
Employees