Prospectus Supplement | June 29, 2021 |
Putnam VT Sustainable Future Fund | |
Putnam VT Sustainable Leaders Fund | |
Prospectuses dated April 30, 2021 |
Effective on or about August 30, 2021, under normal circumstances, each fund will invest at least 80% of the value of its net assets in securities that meet Putnam Investment Management, LLC’s (Putnam Management) sustainability criteria. In applying these criteria, Putnam Management will assign each company a proprietary environmental, social and/or corporate governance (ESG) rating ranging from 1 to 4 (1 indicating the highest (best) ESG rating and 4 indicating the lowest (worst) ESG rating). In order to meet Putnam Management’s sustainability criteria for purposes of this investment policy, a company must be rated 2 or 1 by Putnam Management.
Shareholders should retain this Supplement for future reference. |
326658 – 6/21 |