Work ability management helps employers act responsibly
Ilmarinen puts work ability management at the top of its sustainability work. In addition, social responsibility emphasizes the competence of Ilmarinen's own personnel. All this is stated in Ilmarinen's Sustainability Report. The report also shows that the company has made strong progress in climate action within its investments and actively engages with investee companies through active ownership.
Ilmarinen's strategic goal is to promote the management of the work ability risks of client companies and the work ability of the employees insured in Ilmarinen.
– Work ability risk can be managed through work ability management. It anticipates, supports and strengthens the work ability of employees throughout their working lives. Good work ability management helps to act as a responsible employer, Ilmarinen's Director of Work Ability Kristiina Halonen tells.
In 2025, customers were very satisfied with Ilmarinen's work ability management services: In a customer survey, the services received an effectiveness score of 4.7 (on a scale of 1–5).
The earnings-related pension company Ilmarinen takes care of the pension provision of approximately 1.1 million people. Pension liabilities are covered by EUR 67.5 billion of investment assets. As a provider of statutory social security, responsibility is central to the earnings-related pension company. Ilmarinen reports on its responsibility as part of the financial statements and the annual report.
Benefits to customers from the competence of Ilmarinen's personnel
Ilmarinen combines the expertise and business skills required by the strategy with the personal development of employees.
– When we develop the competence of our personnel, we improve both well-being at work and our competitiveness. In expert work, the greatest work ability risk is related to competence and if you constantly have to work at the limits of your competence. All parties benefit when we provide opportunities for training, EVP, People and Communications Sami Ärilä tells.
Climate work on investments progressed significantly
Ilmarinen invests pension assets collected and funded from companies and insured employees so that the pension assets will also be sufficient in the future. Climate change and biodiversity loss are part of comprehensive risk management that a long-term pension investor must take into account.
– One of our most significant achievements in climate work in 2025 was that the carbon intensity of our direct listed equity and corporate bond investments fell by 68 per cent from the 2020 level when the target was a 30 per cent decrease, Ilmarinen's Investment Director Annika Ekman tells.
– We reached all our emission reduction targets in 2021–2025, which was a notable achievement.
Carbon intensity indicates how much greenhouse gas emissions companies generate in relation to their revenue.
Greenhouse gas emissions from real estate investments have also been reduced beyond target levels in both the domestic and foreign real estate portfolios.
– In addition to the decarbonization of the energy sector, our performance has been enabled by, among other things, the energy efficiency measures we have carried out and the solutions for construction, Ekman says.
Nature surveys were carried out for domestic real estate investments
The work for biodiversity was concretely reflected in Ilmarinen's domestic real estate investments. The goal was that nature surveys would be carried out on properties owned by Ilmarinen in Finland by 2027. The surveys systematically assess the key impacts of properties on the surrounding nature and identify suitable measures to support biodiversity.
– We reached the target early, and mapped out the properties where we can implement measures to improve the state of nature by the end of 2025, Ekman says.
In real estate investing, Ilmarinen wants to continue as a pioneer of circular economy in the sector.
Active ownership plays a key role in influencing the sustainability of investments
As a long-term investor, Ilmarinen has high expectations for the good governance and responsible business operations of the companies it invests in. Ilmarinen influences them through active ownership.
– We actively discuss with our investees on identified shortcomings and on our sustainability expectations. By influencing the companies we invest in, we contribute to long-term value development, Ekman says.
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For more information:
- Annika Ekman, Investment Director, 040 590 0344, Annika.ekman@ilmarinen.fi
- Kristiina Halonen, Director of Work Ability, 050 380 3868, kristina.halonen@ilmarinen.fi
- Director of Human Resources and Communications Sami Ärilä, 0400 271 066, sami.arila@ilmarinen.fi
Current topics
Ilmarinen commits to science-based climate targets
Ilmarinen, an earnings-related pension company, strengthens its climate work and commits to setting science-based near-term climate targets in accordance with the Science Based Targets initiative (SBTi).
Ilmarinen's Financial Statements 2025: Return on investments was 8.1 per cent or EUR 5.1 billion
Ilmarinen’s investment assets increased to EUR 67.5 billion. Solvency continued to strengthen and cost-effectiveness is at a good level. Ilmarinen’s investments have generated a total of EUR 30.2 billion over a period of 10 years. Twenty per cent of the investments are in Finland.
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