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Annual Report of the Board

Seafarers’ Pension Fund 2020 Annual Report

new construction and renovation projects. The aim is to obtain
environmental certification for as many properties as possible in order
to show their responsibility and sustainability.

In order to cut down emissions due to energy consumption, the
Fund intends to take into use a system facilitating the continual
monitoring of the use of building technical systems and optimisation
of consumption. In addition to enhanced efficiency, the intention is to
gradually transfer to green electricity and remote heating. The objective
is to reduce emissions by 25% by the year 2025.

Environmental performance figures 2020 2019 2018
for real estate investments
10 521 10 749 11 094
Heating and cooling, normalised (MWh) 3 342 3 696 3 677
Electricity (MWh) 2 379 2 745 2 777
21.07 24.32 24.61
Greenhouse gas emissions, tCO2
Energy intensity (kgCO2/m2) 85 938 77 704 76 564
Properties’ water consumption, m3 21 21 21
Investments included in the calculation

* The energy and water consumption data include the property-specific
consumption and the consumption by tenants insofar as the Seafarers’
Pension Fund is responsible for them.

** The greenhouse gases are based on energy consumption and the
latest emission coefficients available from the energy companies.

Distribution of carbon dioxide emissions by energy source, %

Forest and infrastructure investments
The total current value of the investments included in the responsibility
analysis is EUR 87.9 million. The share of forest funds is EUR 73.3
million and that of infrastructure is EUR 14.5 million.

In order to achieve the carbon neutrality goals set by the Seafarers’
Pension Fund, the forest investments play a significant role as they are
carbon sinks.

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