Founded in 2016, the Finnish State Development Company Vake changed into The Finnish Climate Fund in December 2020. It’s 3,5 billion euro balance sheet is mainly comprised of a 8,3% share in the company Neste Oyj. The Fund employs 14 people.
The Finnish Climate Fund
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Operator: Basware, BAWCFI22
Climate Fund strives for responsible and ethical operations. If you detect any unethical or illegal action conducted by Climate Fund or our employee, you can anonymously report the misconduct with the Whistleblower feedback form below. Your report can also relate to a company, project, or venture funded by Climate Fund.
Board and Investment Council
Climate Fund’s Board of Directors
In accordance with the Limited Liability Companies Act and the Corporate By-Laws, the Climate Fund’s Board decides on the company’s strategic direction, operational model and the company’s investments.
Chairman of the Board
Vice Chairman of the Board
Members of the Board
Climate Fund’s Investment Council
The task of the Climate Fund’s Investment Council is to ensure that the company’s actions are in accordance with the Finnish government’s goals and that it takes into account the developments in its operating environment. The Investment Council is made up of representatives from central ministries and it primarily handles current issues relating to the company’s operating environment and investment activities. The Investment Council does not handle individual investment or divestment decisions.
The Ministry of Economic Affairs and Employment
Member: Ilona Lundström
Substitute: Sampsa Nissinen
The Prime Minister’s Office: the ownership steering department
Member: Maija Strandberg
Substitute: Petri Vihervuori
Ministry of Finance
Member: Ilari Valjus
Substitute: Johanna von Knorring
Ministry of the Environment
Member: Juhani Damski
Substitute: Leena Ylä-Mononen
Ministry of Transport and Communications
Member: Juhapekka Ristola
Substitute: Mikko Jääskeläinen
All e-mail addresses to Climate Fund’s team are: email@example.com
The executive committee consists of Paula Laine (CEO), Toni Mikkonen (Director, Investments), Pia Erkinheimo (Director, Customer and dealflow), Saara Mattero (Director, Communications) and Sanna Ruuskanen (Director, finance and administration).
Customer and dealflow
Finance and administration
- Climate Fund’s financial statement and Board of Directors’ Report 2020 (in Finnish)
- State Development Company Vake’s financial statement and Board of Directors’ Report 2019 (in Finnish)
- State Development Company Vake’s financial statement and Board of Directors’ Report 2018 (in Finnish)
- Presentation from the 2020 Annual General Meeting (in Finnish)
- Link remuneration 2019 (in Finnish)
- Link corporate social responsibility 2019 (in Finnish)