Finnish pension company Ilmarinen has announced its new sustainability programme, focusing on climate, biodiversity and human rights.

The programme outlines Ilmarinen’s goals and metrics for its operations in line with sustainable development.

It takes into account the UN’s Sustainable Development Goals (SDG) that the pension company has the most influence on: Decent work and economic growth, reducing inequality, climate action and peace, and justice and good governance.

Ilmarinen selected the objectives using materiality analysis, including a stakeholder survey.

The sustainability programme is built on three familiar ‘pillars’: Environment, society and governance (ESG).

On environmental factors, Ilmarinen will take climate change and biodiversity into account in its investment activities and analyse the effects of its own operations on the environment, including scope 3 emissions.

On societal factors, Ilmarinen corporate responsibility manager, Eveliina Leino, commented: “One of the most important themes in our new sustainability program is human rights.

“We are a large operator, so the effects of our operations are far-reaching. In the value chain of the financial industry, it will be even more important to find out the effects of operations on human rights in the future.”

The programme also includes the promotion of a responsible and diverse workforce.

On governance, Ilmarinen has committed to handling its pension operations, such as payments and investments, in a cost-effective manner, while also operating reliably and transparently, keeping its customers’ data safe.

“Everything we do aims to ensure that our customers receive the pension they deserve from their work,” said Ilmarinen director of communications and public relations, Liina Aulin.

“We succeed when we earn the trust of our customers through responsible operations. Our new sustainability program helps with the work.”

Share Story: