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Finnish pensions company launches new guidelines for active ownership: "Fixing problems does take time"

The launch of the new set of principles is most likely initially going to increase the workload of Varma's portfolio managers and responsible investments team but will eventually pay off,  according to the EUR 46.8bn pensions investor's Head of Responsible Investments Hanna Kaskela.

Varma Director of Responsible Investment Hanna Kaskela. | Photo: Varma

Today, Finland’s Varma Mutual Pension Insurance is launching new principles on active ownership and engagement, which include guidelines on influencing companies on ESG issues. The new guidelines will come into force immediately.

According to the EUR 46.8bn pension fund's Head of Responsible Investments Hanna Kaskela, the new set of principles includes practical guidelines to the measures which Varma can take when engaging with the companies it invests in. 

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