Varmaa
Varmaa, officially known as Varma Mutual Pension Insurance Company, is a leading player in the Finnish pension insurance sector, headquartered in Finland. Established in 1998, Varmaa has consistently evolved, becoming a trusted provider of pension solutions for both employers and employees across the country. Specialising in pension insurance, Varmaa offers a range of services designed to secure financial stability for its clients during retirement. Its unique approach combines innovative investment strategies with a strong commitment to sustainability, setting it apart in the industry. With a significant market presence, Varmaa has achieved notable milestones, including recognition for its robust investment performance and customer satisfaction. As a key contributor to Finland's social security framework, Varmaa continues to play an essential role in shaping the future of pension insurance in the region.
DitchCarbon Score
How does Varmaa'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 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
Varmaa's score of 43 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Varmaa's reported carbon emissions
In 2023, Varma Mutual Pension Company reported total greenhouse gas emissions of approximately 3,648,939,000 kg CO2e. This includes Scope 1 emissions of about 184,000 kg CO2e, Scope 2 emissions of approximately 16,922,000 kg CO2e, and significant Scope 3 emissions totalling around 3,631,833,000 kg CO2e. Varma has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 60% by 2030, using 2021 as the baseline year. Additionally, the company plans to increase the share of its investments in companies committed to the Science Based Targets initiative (SBTi) to 51% by 2027. Varma is also committed to achieving carbon neutrality by 2050. The company has demonstrated a progressive reduction in carbon intensity, with a notable decrease from 0.1888 tCO2e/€ million invested in 2020 to 0.0695 tCO2e/€ million invested in 2022. This reflects Varma's ongoing efforts to align its operations with global climate goals and contribute to a sustainable future.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,725,956,000 | 0,000,000,000 | 0,000,000,000 | 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.
Varmaa is committed to some reduction initiatives 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.
