Finnish mutual pension fund provider Varma has said that it plans to be CO2 free in real estate investments by 2030. The company said that over the past decade it has managed to halve the energy consumption-based CO2 emissions of its real estate portfolio. Varma’s residential real estate investments are now expected to meet its zero emissions target ahead of schedule, by 2025. Varma’s Residential Real Estate Investment Manager Sarianna Sipola said that this has been made possible because of greater investment in CO2-free district heating and electricity, as well as energy-efficiency renovations carried out at the properties. Varma has been purchasing wind-generated electricity and this year will make sure that the heating it buys is CO2-free as well. Varma said that it is the only pension company in Finland to have set emission targets for its operations in line with science-based targets. Varma’s AUM stood at €64 billion (US$70 billion) billion at the end of 2024.
