• #responsibility

Responsible Varma

Corporate responsibility is an integral part of our core task: securing pensions.

‘Responsible Varma’ is a key theme in our new strategy. In 2015 we drew up a new Corporate Social Responsibility (CSR) programme. In future, we will disclose information on our responsible operations for example in connection with our interim reviews.

Responsibility is part of Varma’s daily operations. We actively communicate what CSR means for us and how our responsible operations show in society. We will continuously develop our responsible ways of operating.

The CSR programme is based on a materiality assessment

In autumn 2015 we drew up a new Corporate Social Responsibility (CSR) programme. It is based on a materiality assessment, which was carried out to identify the most important responsibility factors for Varma. We wanted to hear what our stakeholders’ CSR expectations are and analyse the materiality of CSR issues.

We carried out an extensive stakeholder survey for the materiality assessment in autumn 2015. Invitations to the online questionnaire were sent by email to, among others, Varma’s customers, personnel, administrative bodies, and key public authorities, media representatives, and co-operation partners. A total of 1,168 people responded to the online questionnaire. Furthermore, 14 stakeholder representatives were interviewed in person – among them representatives of the Executive Group, Board of Directors, public authorities and personnel.

Stakeholder expectations were reviewed in management’s responsibility workshop, which worked on and prioritised the different aspects according to their impacts on Varma’s business. This work formed the basis for a materiality matrix, which presents the issues considered most important by the stakeholder groups and their impact on Varma’s operations.

Key CSR elements in a Materiality matrix