Varma: Investing in defense industry is possible "under certain conditions"

The Finnish pensions giant has also started preparing the exclusion of banks that act as trading intermediaries in financing fossil fuels, says Varma’s Sustainability Director Hanna Kaskela.
Varma’s Sustainability Director Hanna Kaskela. | Photo: PR Varma.
Varma’s Sustainability Director Hanna Kaskela. | Photo: PR Varma.

Finnish pensions giant Varma managed to cut its carbon emissions by 11% and reformulated some of its investment policies connected to the weapons industry last year, the company reports. 

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