Varma

Sustainability Report and Carbon Intensity Rankings

Is Varma doing their part?

Their DitchCarbon score is 64

Varma has a DitchCarbon Score of 64, indicating a moderate level of sustainability in its operations. This score reflects the company’s efforts to reduce its carbon intensity, showing a commitment to lowering emissions. A higher score would signify even greater success in achieving sustainability goals and further reducing carbon intensity.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Varma, a company in the finance sector, has a very low carbon intensity ranking. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

Varma operates in Finland, a country with a very low carbon intensity rating. This favorable environmental context supports the company’s sustainability efforts by providing a cleaner energy grid and lower baseline emissions.
13.17%

...this company is doing 13.17% better in emissions than the industry average.

Founded in 1998 and headquartered in Helsinki, Finland, Varma operates in the finance sector, specializing as a pension insurance provider for the Finnish workforce. As the largest pension insurance company in Finland and a major private investor, Varma is responsible for the retirement security of approximately 870,000 individuals, serving around 70,000 entrepreneur and employer clients. The company focuses on accumulating funds through pension contributions to ensure the payment of current and future pensions, while also offering rehabilitation and occupational well-being services to support work ability and longevity in the workforce.

Bad news, Varma hasn't committed to SBTi climate goals yet.

Varma has committed to setting science-based targets through the Science Based Targets initiative (SBTi) to reduce greenhouse gas emissions in line with climate science. This means the company is working on developing a clear roadmap to significantly cut its carbon footprint across its operations and value chain to align with the Paris Agreement goals.

There’s always room for improvement,

DitchCarbon recommends...

Varma should establish transparent and scientifically grounded goals for diminishing their Scope 3 emissions and actively encourage sustainability across their entire supply chain, which could potentially reduce their emissions by 35%.
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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.