Varma Mutual Pension Insurance Co 2019 IR
The report highlights Varma's sustainability and financial performance for the fiscal year 2019. Varma achieved a record-high investment return of 12.0%, bringing its total investment assets to EUR 48.7 billion. The company updated its climate policy, committing to a carbon-neutral investment portfolio by 2035 and exiting thermal coal by 2025. Additionally, Varma improved its operational efficiency, using 62% of the expense loading components, which allowed it to pay record-high client bonuses of EUR 171 million.
Company: Varma Mutual Pension Insurance Co
Sector: Finance & insurance
Country: Finland
Year: 2019
Type: IR
Pages: 70
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Varma Mutual Pension Insurance Co
Annual And Sustainability Report
The report highlights Varma's sustainability and financial performance for the fiscal year 2019. Varma achieved a record-high investment return of 12.0%, bringing its total investment assets to EUR 48.7 billion. The company updated its climate policy, committing to a carbon-neutral investment portfolio by 2035 and exiting thermal coal by 2025. Additionally, Varma improved its operational efficiency, using 62% of the expense loading components, which allowed it to pay record-high client bonuses of EUR 171 million.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
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
Net Zero Target
Employees