1. Workshop participants

    About Sitra

    We build a successful Finland for tomorrow's world.

  2. Focus on sustainable development

    Our operations are guided by a vision of Finland as a leader in sustainable well-being. We take the view that well-being is sustainable when it is shared by people, the environment and the economy

  3. Sitra – owned by the people

    As a fund operating directly under the Finnish Parliament, our decision-making processes are tied to parliamentary systems. Our administration includes a Supervisory Board, Board and President.

  4. Sitra as an employer

    Sitra is a team of 110 Finnish and international specialists. Open positions are always announced on our website Sitra.fi.

More on this

    1. Sitra’s Annual Report 2014:...

      News 0

      In 2014, the future-oriented Finnish Innovation Fund Sitra played an active role in reshaping the Finnish society and engaged in extensive cooperation....

      1 year ago

Good life is built together

Sitra is a public fund aimed at building a successful Finland for tomorrow. We are forward thinking and anticipate social change and its effect on people. Our activities promote new operating models and stimulate business that aims at sustainable well-being.

Reporting to Parliament

Sitra was founded as an organisation of the Bank of Finland in 1967 to honour the 50th anniversary of Finland's independence. The fund was commissioned with the task of promoting Finland's stable and balanced development, economic growth and international competitiveness and co-operation. Sitra's tasks are defined by law. In 1991, Sitra was transformed into an independent fund that reports directly to the Finnish Parliament.

Core of our operations: sustainable well-being

Our operations are guided by a vision of Finland as a leader in sustainable well-being. We take the view that well-being is sustainable when it is shared by people, the environment and the economy. Our strategy includes developing new ideas of what the good life is, finding operational models that build a new kind of society, and boosting sustainable business operations.

We identify the need for social change and enable that change. We predict, analyse and assess the forces of social change and their impacts on Finland. As an independent operator, we have the opportunity to react quickly to major issues concerning Finnish society and accelerate changes that promote well-being. We carry out practical experiments, compile cross-boundary networks and develop and finance business operations.

Focus on sustainable development themes

Since 2004, fixed-term programmes have formed the core of our operations. During 2012, we have adopted a project-based organisational model that focuses on three themes:

  • empowering society
  • resource-wise and carbon-neutral society
  • new working life and sustainable economy

The themes will be implemented through tangible projects of two or three years in duration. The new strategy and operational model will produce even more added value for society.

The theme of empowering society aims at creating a more efficient and human-oriented public administration. It will do this by developing leadership skills and by building stronger cooperation and decision-making across all the various administrative branches. Another objective is to encourage citizens to take care of each other. In addition, the thematic area promotes new operating models for well-being and the related business.

The theme of resource-wise and carbon-neutral society creates the conditions for a resource-wise and carbon-neutral society and the related business promoting it. Embracing sustainable lifestyles and the smart use of natural resources will promote the transfer to a sustainable bioeconomy and low-carbon society. Green economy, including sustainable consumption and a new view of natural resources, will become mainstream ideology and create jobs and well-being.

New working life and sustainable economy: The theme promotes sustainable well-being and employment through new practices and financing models. 

Funding from the returns of endowment capital and capital investments

Sitra's capital was started by an endowment of 100 million marks (EUR 17 million) made by the Bank of Finland in 1967. The endowment capital was increased to 500 million marks (EUR 84 million) in 1972–1992. With an increase in the market value, the nominal value of the capital was increased to 1,400 million marks (EUR 235 million) in 1993–2001.

Our operations are funded from the returns of endowment capital and capital investments. This means that we receive no funding from taxes or the state budget. Our endowment capital can only be used for operational purposes under exceptional conditions.

We invest our endowment capital in a profitable and safe manner and steer our investment operations according to the principles of social responsibility. At the end of 2013, the market value of our endowment capital was EUR 705 million. The funds were allocated as follows: equity funds 55%, bond funds 40% and other investments 5%.

Contact


Comments

By submitting this form, you accept the Mollom privacy policy.

Content feed

Internal Content External Content
Publication Megatrends 2016

Published annually, Sitra's megatrend listing casts light on the phenomena that we already see as affecting our society and especially our future. The three major drivers of change listed in the 2016 megatrend list are: quickly accelerating technological advancement, an interdependent and tension-driven world, and a global sustainability crisis related to natural resources and climate change....

Elina Kiiski Kataja

Blog Those low expenses!

Sitra's Markku Sjöstedt on negawatts and how the cheapest energy is the energy that is never produced.

2 months ago by Markku Sjöstedt

News Sitra’s Board Report 2015: the future is made today

What will life be like in the year 2036 for Finns born today? Finnish society's capacity for renewal is truly being put to the test right now, as economic, environmental and welfare realities shake up familiar, established approaches. Although structural changes are sorely needed, it is still important for people to live a good, well-balanced life, even during times of renewal and change. The...

2 months ago

Event Most Likely To Succeed

”Most Likely To Succeed is the best film ever done on the topic of school — both its past and its future.”

4 months ago

Other site Video: Megatrends 2016

What are the megatrends that affect our future? Watch our short video on Megatrends 2016.

5 months ago from site https:

Project Experimental study on universal basic income

A working group of researchers is exploring ways in which to carry out an experimental study focusing on the implementation of a universal basic income scheme.

October 2015 to November 2016

Blog How can we learn to inspire?

How can we inspire our children and young people to learn for the joy of learning, rather than for just passing exams? Sari Laine from the Sustainability Leadership Institute in Cambridge University.

6 months ago by Sari Laine

Blog Entropy, order and economic growth

Policymakers should pay more attention to supporting face-to-face collaboration across disciplinary and sectoral boundaries.

7 months ago by Timo Hämäläinen

Publication Technology as an enabler of sustainable well-being in the modern society

In this report Risto Linturi examines how technology development affects our vision: which technology trends support and enable sustainable well-being, and which trends threaten it? What are the roles of artificial intelligence, digitisation, biotechnology or nanomaterials in the pursuit of a sustainable future? How can society steer technological development in the desired directions?

Risto Linturi

Publication Technology as an enabler of sustainable well-being in the modern society

In this report Risto Linturi examines how technology development affects our vision: which technology trends support and enable sustainable well-being, and which trends threaten it? What are the roles of artificial intelligence, digitisation, biotechnology or nanomaterials in the pursuit of a sustainable future? How can society steer technological development in the desired directions?

Risto Linturi


Related themes

2016 Sitra | Usage Rights