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. Helsinki's central railway station

      Annual Report 2012 shows...

      News 0

      Amid global and domestic economic uncertainty, Sitra's 2012 Annual Report highlights the continuing importance of Finland's innovation fund...

      1 year ago
    2. Sitra educates

      Article 0

      In 2010, Sitra launched a series of Synergise Finland forums, which are being complemented by leadership training in sustainable financial...

      2 years 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 cooperation. 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 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. 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
  • practices for sustainable well-being and employment

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.

Practices for sustainable well-being and employment: The theme will promote sustainable well-being and employment through new practices and financing models. The theme will be launched in the beginning of 2014.

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 2010, the market value of our endowment capital was EUR 697 million. The funds were allocated as follows: equity funds 49%, bond funds 45% and other investments 6%.

Contact


Comments

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

Content feed

Internal Content External Content
Blog 6.5 million to Mendor, 7.3 million to BetterDoctor... A cause for celebration?

In July 2014, two health technology firms with their origins in Finland were granted a financial boost to the tune of millions of euros by international investors. Investment rounds of this magnitude are such a rarity in Finnish venture capital investment markets that the news was also broadcast by the mass media. Why is this such a positive thing for the whole health technology sector? During...

1 week ago by Ville Koiste

News Sitra's Board Report 2013: sustainable well-being through active co-operation

2013 was a year of close-knit and fruitful co-operation at Sitra. The highlights included a breakthrough in the national data exchange layer, the emergence of resource wisdom in the national debate on account of the hugely popular leftover food experiment and the relaunch of Sitra's financial policy training after a gap of nearly ten years. In 2013, the general mood in Finland was marked by a...

1 month ago

Article Interest in impact investing grows in Finland

This spring Sitra has been investigating the possibilities for testing and implementing impact investing in Finland, including creating the necessary ecosystem and related models. In practice the efforts have included conducting various interviews, organising events, reading materials and literature and taking part in international events. The latest event was an Impact Investing...

3 months ago by Saara Lehtonen

Other site Nexstim Selected as a 2014 Red Herring Top 100 Europe

Since 1996, the Red Herring 100 winners have been recognizing the most exciting startups from around the globe. Sitra's target company Nexstim is honored to join this mark of distinction, which identifies promising new companies. (Published 11 April 2014)

3 months ago from site www.nexstim.com

News New fund invests in energy efficiency – LeaseGreen and Sitra to co-operate

Sitra, along with a number of private investors, is investing in Finland’s first energy efficiency fund. LeaseGreen, a company specialising in energy efficiency services, has developed an innovative investment model for the financing of investments in the built environment, all with the aim of increasing efficient energy use. “We have launched a fund concept that provides an all new tool for...

4 months ago by Sami Tuhkanen

Blog Forum for New Security initiates practical experiments

Since November 2013, 30 people from all walks of life , assembled by Sitra to form the Forum for New Security, have been considering current challenges and opportunities related to 'new security'. Forum members have now selected 11 ideas for use in practical experiments on how to solve new security challenges and promote the related opportunities. The 11 ideas were selected from among 150...

5 months ago

Blog Sitra is investigating the potential of impact investing in Finland

Sitra is studying the introduction of impact investing to Finland. This would require the creation of a new ecosystem and the testing of different models related to impact investing. Impact investing aims to solve societal challenges through new innovations and private funding. Such challenges may be, for instance, the danger of the unemployed becoming marginalised in society or careers ending...

5 months ago

News Sitra strengthens its training role

Sitra's sustainable financial policy leadership courses and the Synergise Finland forums are now established and restore Sitra’s position as an active organiser of social training. The role of training at Sitra is further strengthened with its training expertise being channelled into a separate unit, headed by the Executive Vice President Tapio Anttila. Sitra has a long tradition of...

5 months ago

News Sitra invested 2 million euros in Inventure Fund II

Sitra has signed a 2 million euro investment commitment for Inventure Fund II. Inventure Fund II is a 50 million euro venture capital fund that invests in early stage technology companies. Sitra’s investment promotes the commercialization and internationalization of the Finnish technology industry.

6 months ago

News Startup Foundation launched

Sitra puts more of its weight behind efforts to encourage and sustain entrepreneurship in Finland, by backing a new Startup Foundation...

1 year ago


Related themes

2011 Sitra | Usage Rights