Mandatum's Sustainability Strategy is built on three key themes that form the foundation for the company’s business. These are responsible investment, promoting financial security and a good working life and responsibility in Mandatum’s own operations.

Money as a driver of change

In Mandatum’s view, companies that operate responsibly perform better. By investing responsibly itself, Mandatum makes better-justified investment decisions that align with its long-term sustainability and risk management objectives.

Responsible investment involves managing assets in a way that considers environmental, social and governance (ESG) matters in investment analysis, decision-making and reporting on investments.

Mandatum aims to both understand and account for the sustainability risks and opportunities related to its investments and to identify and mitigate the adverse impacts of its investment activities on the environment, climate, society, employees, human rights and matters related to combatting corruption and bribery.

It all comes down to people

Through its business operations, Mandatum strives to improve the financial security of its clients and promote responsible HR practices of its client companies.

The company offers its clients options for voluntary preparedness that supplement statutory social security. Preparedness and wealth creation also generate value for society.

Mandatum’s goal is to actively promote responsible compensation in Finnish companies. Well-managed and well-led business operations strengthen the conditions for success and create well-being among the company’s employees.

Leading by example 

Responsibility for employees and sustainable operating methods is part of building a successful business. The well-being of employees is one of Mandatum’s strategic goals. By taking care of it, Mandatum also enhances the company’s operational capability and profitability.

Sustainable business management and practices form the foundation of Mandatum’s operations. Good governance ensures that Group companies and their personnel, suppliers and other partners comply with laws, regulations and generally accepted principles.

Financial responsibility means ensuring the continuity, profitability, earnings power and solvency of operations in all market conditions. Ensuring continuity creates the foundation for the sustainable and responsible management of clients’ insurance-related liabilities and clients’ investments and pensions for decades. That is why risk management is also a key component of Mandatum’s financial responsibility.

In addition to paying taxes and creating employment, Mandatum’s services generate societal added value. Investment, insurance and reward and compensation products and services are part of the societal infrastructure that enables the functioning of a modern society and economy.

Read about the Sustainability Strategy and its targets and metrics in more detail in Mandatum’s Sustainability Review 2024.

Climate targets 

In its Sustainability Strategy, Mandatum has committed to reducing the greenhouse gas emissions from its investments and own operations to net zero by 2050 at the latest. Net zero refers to a situation in which the greenhouse gas emissions caused by humans to the atmosphere are balanced by the removals by humans over a specified period.* 

In connection with setting the net-zero commitment for investments, Mandatum also joined the Net Zero Asset Managers initiative (NZAM), which is aligned with the goal of the Paris Agreement to limit global warming to 1.5 degrees Celsius compared with the pre-industrial era.  

To reinforce its net-zero commitment, the company has set the first interim targets for emissions reductions.  

Emissions from investments 

Mandatum’s target is to reduce the carbon intensity** of its direct listed equities and corporate bonds by 75 per cent by 2030, compared to the 2020 baseline.   

The carbon intensity has decreased by 65 per cent from 2020 to 2024. In relation to the base year, carbon intensity needs to be reduced by 10 per cent to achieve the target. Compared with the situation in 2024, the carbon intensity needs to decrease a further 29 per cent by 2030.  

Mandatum has utilised IIGCC’s Net Zero Investment Framework (NZIF) in setting the target.   

Emissions from own operations 

In terms of greenhouse gas emissions, investment activities represent the most significant impact, but the company also seeks to reduce emissions from its own operations and identify more sustainable ways of operating. 

The target for own operations is to reduce the company’s greenhouse gas emissions (Scope 1 and 2) by 42 per cent by 2030, compared to the 2024 baseline. 

*Source: IPCC 

**Scope 1 & 2 Weighted Average Carbon Intensity (WACI), tCO2e / revenue of investee company, MEUR