Varma’s aim was to find opportunities to improve their approach to low carbon and responsible investment.
Gaia carried out a benchmarking study, encompassing 29 investors, based on publicly available information. Gaia identified best practices in relation to how organisations take into account climate issues, especially carbon risks and opportunities. The results were discussed in a joint workshop and ideas for developing Varma’s business were also identified.
Based on the benchmarking study and the best practices identified, Varma was able to decide the next steps in improving their low carbon investment actions.