Finnish earnings-related pension provider, Veritas, has detailed its sustainability work for 2021, which includes the development of its climate roadmap.

The roadmap sets out milestones and areas for its target of being climate-neutral by 2035.

Veritas director, responsible for legal issues and corporate responsibility, Piia Vouti, said: "Sustainability work at Veritas was further developed in 2021. During the autumn, we conducted a survey among our most important stakeholder groups and mapped their expectations of Veritas' corporate responsibility. Our sustainability work received a good grade and we will continue to do so in the future.”

Veritas sustainability manager, Eveliina Leino, added that the sustainability work in 2021 focused on the development of cooperation and sustainability networks. "As an investor, we participated in a number of collaborative initiatives and also expanded our sustainability networks on other fronts.”

During the year, Veritas reduced its climate footprint faster than its own goals that it set itself. The carbon dioxide intensity in Veritas’ equity investments fell by as much as 28 per cent.

Veritas also managed to reduce emissions from its properties faster than targeted – its target is to be climate neutral by 2030.

"Emissions from properties have decreased by as much as 73 per cent from the starting level in 2020. The same trend also applies to the volume of waste, which has decreased by 48 per cent,” Veritas investment director, Kari Vatanen, said.

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