The Climate Fund started its operations in December 2020 and by February 2023 has made 18 investment decisions totalling 125.4 million euros. Its 3.1 billion euro balance sheet is mainly comprised of a 8,3% share in the company Neste Oyj. The Fund employs 24 people.
The Finnish Climate Fund
+358 40 152 7570
Media and interview requests:
Director, Communications and Sustainability
0400 114 777
Interested in funding:
please contact our Customer and Dealflow team
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Operator: Maventa (003721291126)
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.
Front row from left: Mammu Kaario, Perttu Puro, Mirva Antila. Back row from left: Kari Hämekoski, Juho Korpi, Erja Turunen. Petri Peltonen is missing from the picture.
Chairman of the Board
Vice Chairman of the Board
Members of the Board
The Audit Committee consists of Perttu Puro, Petri Peltonen and Mammu Kaario.
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: Kimmo Viertola
Substitute: Maija Strandberg
Ministry of Finance
Member: Milla Kouri
Substitute: Ilari Valjus
Ministry of the Environment
Member: Tarja Haaranen
Substitute: Kaarle Kupiainen
Ministry of Transport and Communications
Member: Olli-Pekka Rantala
Substitute: Päivi Antikainen
Ministry of Agriculture and Forestry
Member: Heikki Granholm
Substitute: Johanna Vanhatalo
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 Sustainability) and Sanna Ruuskanen (Director, finance and administration).
Customer and dealflow
Communications and sustainability
Manager, Communications and Sustainability (out of office until 31.3.2023)
+358 40 538 3177
Finance and administration
Guidelines and publications
- Climate Fund’s Annual Report 2022 (summary in English)
- Climate Fund’s Sustainability Report 2021 (summary in English)
- Climate Fund’s emissions reduction potential calculation 2022