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105 assets
960,000 m2 total floor area
34,806 tCO2e annual portfolio carbon emissions
Varma Mutual Pension Insurance Company is a dependable and solvent investor, responsible for the pensions of over 900,000 people. The current investment portfolio amounts to €43.6 billion, of which 6.4% was invested in direct real estate. Varma’s vision includes sustainability as part of its daily operations and actively communicating what this means to society.
Member of Finland Green Building Council
573 employees
Joined in 2020
1. Commit
Commit to only owning and developing net zero carbon assets by 2030.
2. Disclose
Disclose consumption of energy, water and waste of direct real estate portfolio as well as carbon emissions yearly in annual sustainability report.
3. Act
Develop a roadmap on how to achieve carbon emissions reduction targets. Continue with energy-efficiency actions to reduce the consumption of energy by 10% until 2025. Switch to fossil-free electricity by 2025 and heating by 2030. Take circular economy aspects into consideration in construction projects targeting to low- or zero-carbon solutions in the future.
4. Verify
Verify carbon emissions of real estate portfolio via a third party and participate in GRESB. Major part of commercial real estate portfolio will be certified according to the BREEAM or LEED certification system by 2025.
5. Advocate
Advocate for industry wide uptake of built environment decarbonisation and communicate carbon neutrality targets and achievements with employees, third-party managers, tenants, and companies that Varma collaborate with. Be active in representing industry leadership in sustainability and ESG related real estate circumstances.