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Varma moves climate higher up responsible investment agenda

Helsinki-based Varma has updated its responsible investment guidelines and is blacklisting heavy coal emitters, the company announced late last week.

Reima Rytsölä is Varma's executive vice president of investments. | Photo: PR

Climate change mitigation has been given a greater weight in the updated responsible investment guidelines of Helsinki-based Varma.

The EUR 47 billion mutual pension insurer is now moving to exclude companies relying on coal or lignite-based operations for more than 30 percent of their net sales from its direct equity investments.

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