Sitra (Finnish Innovation Fund)

Building a successful Finland for tomorrow's world

  • Program Type

Sitra’s work for the future is funded by the returns from its capital. Responsibility is an essential part of Sitra’s operation – also as regards investment activities.

Sitra - Leading the Cycle

Sitra, the Finnish Innovation Fund, is a future organisation under the supervision of the Parliament of Finland. The fund is valued at approximately 771 million euros at the end of 2015. We vision Finland to succeed as a pioneer in sustainable well-being.

Sitra is dedicated to supporting the transition to a Circular Economy through both investments and societal transformation activities. A significant amount of Sitra's active investment commitments of 190 million euros are related to the Circular Economy including over a dozen investments funds and companies. Sitra’s investments in Circular Economy related funds and companies have often resulted in above average industry peer returns. Sitra has invested in the introduction of Circular Economy thinking in Finland.

Responsible investment

We manage Sitra’s investments in a secure and profitable manner. ESG integration means that in addition to risk and return, environmental, societal and corporate governance (ESG) issues are included in all investment decisions.

The UN Principles for Responsible Investment (PRI) serve as instructions and guidelines for Sitra’s responsible investment activities. Sitra signed the PRI in 2015 and committed itself to the following six Principles:

  • We will incorporate environmental, social and corporate governance (ESG) issues into investment analysis and decision-making processes.
  • We will be active owners and incorporate ESG issues into our ownership policies and practices.
  • We will seek appropriate disclosure on ESG issues by the entities in which we invest.
  • We will promote acceptance and implementation of the Principles within the investment industry.
  • We will work together to enhance our effectiveness in implementing the Principles.
  • We will each report on our activities and progress towards implementing the Principles.
  • National legislation and the international UN Global Compact principles governing business and society are taken into account when addressing responsibility. The UN Global Compact includes 10 principles concerning the environment, corruption, human rights and labour. They serve as an international framework for Sitra’s responsible investment activities.

    Sitra’s investments are mainly made through funds. Therefore, we require that our asset managers actively monitor companies’ ESG issues as part of their investment activities. The minimum requirement for fund investments is that the asset manager has signed the PRI or has a responsible investment policy.

    We develop our responsible investment practices regularly.

    Future Phases

    Check out an overview of each competition phase below - complete rules for each phase will be released as the competition progresses.


    Let’s Get Started.

    To apply or join the program, please submit an application.