CSR programme targets and measures
On the basis of the materiality assessment, we defined Varma’s CSR targets, indicators and measures.
For Varma, responsible operations means first and foremost securing solvency, disruption-free implementation of pension provision and promoting workability.
Responsible investment means that investment decisions and ownership guidance take into account aspects relating to the environment, society and governance (ESG). Responsibility is an integral part of our investment operations and ownership practices. Our target is to embed ESG practices deeper into investment decisions and ownership. More detailed information on our 2015 responsible investments is available in the section on responsible investment.
Environmental aspects are already being broadly taken into account in real estate investments. In 2015 we chose mitigating climate change as a special focal area. We aim to reduce our carbon footprint in our operations, delivery chain and investments.
Varma implemented the WWF’s Green Office environmental management system in its Salmisaari office building in the beginning of 2016. The goal is to improve the office’s ecological footprint.
Varma is appreciated as an employer. We want our personnel to benefit also from our workability management competence. We take care of Varma employees’ well-being at work and competence, and we regularly measure employee satisfaction.
CSR is visible in the organisation
As of the beginning of 2016, Varma’s Executive Group includes a member with responsibility for CSR issues. Varma has also appointed a CSR Manager who co-ordinates CSR measures and communication, in addition to which a responsible investment expert works in Investment Operations.
CSR reporting will be developed in 2016
The requirement of transparent business operations and open communications are highlighted when it comes to a company like Varma, which handles social security and common pension assets. The communication and reporting of our responsible operations will be our key development areas within CSR.
Varma will publish its first CSR report for 2016 in conjunction with its annual report, and it will be based on the GRI (Global Reporting Initiative) framework. In 2016, we will start reporting on CSR as part of our interim reports. As regards investments, Varma has published an UN-based responsible investment UN PRI report since 2014.
Read more about Varma’s CSR.