CLC co-operation offers Ilmarinen a new opportunity to increase information exchange with companies and other investors with regard to climate change issues. We approach climate change through carbon risks and their management, and wish to be part of building a cleaner investment environment. Our stakeholders expect Ilmarinen to be open about the assessment of and exposure to climate risks.
In our view, climate risks will affect investment returns in the foreseeable future, for instance, through legislative amendments or as direct climate impacts. Climate risks will also result in avoidance of certain investees.
Each year, a carbon footprint calculation is carried out on our direct equity portfolio and we assess the climate risks of our investments.