Formin: UN Social Impact Investing Initiative opens new office in Helsinki
The Social Impact Investing Initiative (S3I) of the United Nations Office for Project Services (UNOPS) provides an innovative way of channelling finance towards achieving the Sustainable Development Goals. It will operate as project developer, making projects suitable for investment and attracting private investor finance.
Impact investing means responsible investment in which the investor aims not only to make a return but to generate a social impact.
Finland’s support for the Initiative amounts to about EUR 20 million, states The Ministry for Foreign Affairs of Finland in its press release.
According to the press release UNOPS selected Finland as the location of its S3I office because of its attractive environment for innovation and impact investment, the openness of Finnish society and low level of corruption.
The Finnish Innovation Fund Sitra is among those organisations that have long been helping to build a suitable operating environment for impact investing in Finland.