Ilmarinen Mutual Pension Insurance
Ilmarinen Mutual Pension Insurance Company, commonly referred to as Ilmarinen, is a leading Finnish pension insurance provider headquartered in Helsinki, Finland. Established in 1961, Ilmarinen has played a pivotal role in the Finnish pension landscape, focusing on statutory earnings-related pension insurance for both private and public sector employees. With a strong presence across Finland, Ilmarinen offers a range of services, including pension management and investment solutions, distinguished by its commitment to sustainable investment practices. The company is recognised for its robust financial performance and innovative approach to pension solutions, positioning it as a trusted partner in securing the financial futures of its clients. Notable achievements include its significant market share and a reputation for excellence in customer service within the pension insurance industry.
DitchCarbon Score
How does Ilmarinen Mutual Pension Insurance's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ilmarinen Mutual Pension Insurance's score of 60 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ilmarinen Mutual Pension Insurance's reported carbon emissions
In 2024, Ilmarinen Mutual Pension Insurance reported total carbon emissions of approximately 1,466,940,000 kg CO2e. This figure includes Scope 1 emissions of about 1,909,000 kg CO2e, Scope 2 emissions of approximately 10,970,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 1,454,061,000 kg CO2e. Notably, the majority of Scope 3 emissions stemmed from investments, accounting for about 1,379,767,000 kg CO2e. Ilmarinen has set ambitious climate commitments, aiming for a net-zero portfolio by 2035. In the near term, they target a 30% reduction in the carbon footprint of corporate bonds by 2025, relative to a 2020 baseline. Their interim goals have already shown progress, with a reported 33% reduction in carbon footprint for direct listed equity and a 28% reduction for corporate bonds by the end of 2022. The company is actively working to reduce the weighted carbon intensity of its direct listed equity and corporate bond investment portfolio by 30% by 2025 and by 50% by 2030, also based on 2020 levels. These initiatives reflect Ilmarinen's commitment to addressing climate change and reducing its overall carbon emissions across all scopes.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 350,588,000 | 000,000,000 | 000,000,000 | - | - | 0,000,000 |
| Scope 2 | - | - | - | - | - | 00,000,000 |
| Scope 3 | 279,146,000 | 000,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ilmarinen Mutual Pension Insurance is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
