Sitra as an investor
Sitra’s operations are funded by revenue from its endowment capital and capital investment activities. In addition to revenue, we seek to grow business activities that promote sustainable well-being with our investments.
What is it about?
Sitra originally acquired its endowment capital from the Bank of Finland and Parliament, and the revenue that is generated finances Sitra’s work for the future.
In addition to investment activities involving the endowment capital, Sitra invests in venture capital funds to promote Finnish competitiveness and the implementation of Sitra’s strategic goals. Sitra’s capital investments focus on venture capital funds, and no new corporate investments have been made since 2014. At the end of 2017 the portfolio included 20 companies.
Responsibility is an essential part of Sitra’s operation – also as regards investment activities. We follow the Principles for Responsible Investment (PRI) supported by the UN. Sitra is a member of FINSIF, Finland´s Sustainable Investment Forum, which promotes responsible investment in Finland.
Our work to promote sustainable well-being is visible not only in our development of responsible operating practices, but also in the way we choose new investment targets. In addition to returns and risks, we also follow the Environmental, Social and Governance (ESG) criteria when making decisions about investing.
Sitra reduced the carbon footprint of its investments in domestic shares for a third time in the autumn of 2017. Total emissions reduced from 120,000 tonnes of carbon dioxide (CO₂e) to 64,000 tonnes.
Endowment capital as an enabler of activities
The endowment capital is invested profitably and securely. The endowment capital is mainly invested through investment funds. Sitra makes the decisions on the allocations, but the funds decide on the individual investment targets independently, according to the fund’s rules. Our investments are administered by asset managers, nearly all of whom have signed the Principles for Responsible Investment and take responsibility considerations into account in their activities.
At the end of 2017 the market value of our endowment capital was 840 million euros.
Venture capital funds as tools for future-oriented work
In addition to economic return, our venture capital fund investments are aimed at promoting social stability. With the help of the funds we advance the growth of business activities that promote sustainable well-being, while supporting the development of new funding models. With international investments we are building networks and bringing know-how and capital to Finland.