The pension insurance company Varma is revamping its equity portfolio that invests in sustainable companies to align it more closely with Varma’s investment operations’ climate targets and to promote the selected UN sustainable development goals. The selected themes include climate action and responsible consumption. The targeted size of the portfolio in the long term is EUR 500–1,000 million.
The construction of Varma’s revamped sustainable equity portfolio is underway and it will include companies that promote Varma’s selected UN sustainable development goals (SDG) and assist Varma in reaching its own sustainable development targets.
“The first investments for the equity portfolio were made in June. Currently, the size of the portfolio is EUR 250 million and includes investments in 150 companies. The targeted size of the entire portfolio in the long term is EUR 500–1,000 million depending on the market situation,” says Varma’s Portfolio Manager Kaisa Ojainmaa.
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