16.5.2022

Castrén & Snellman Celebrates European Diversity Month

Last week Castrén & Snellman celebrated European Diversity Month by organising a panel in which our employees discussed the firm’s strategy, values and diversity. The panel was a part of our internal diversity efforts to improve our personnel’s experience of how diversity and inclusion are realised in the workplace.

Diversity relates to all four of our values: the Spark, Respect, Courage and Responsibility. The panellists found Courage to be the value most connected with diversity. A diverse work community requires courage to be oneself as well as courage to step in when faced with inappropriate behaviour.

In addition to our values, another important guide for our work for diversity is Castrén & Snellman’s strategic goal of becoming the best workplace in the legal sector. The panellists agreed that different and varied views increase the wellbeing of the work community, which is in turn reflected in our client work.

Equality survey highlights the need to discuss diversity

We conduct regular equality surveys internally to monitor how well we have succeeded in our diversity work. In the latest survey early this year, 80% of the respondents somewhat or fully agreed that our work community supports employees expressing their membership in various minorities if they wish.

Correspondingly, a fifth of respondents felt that this is not the case.

The comments indicated that, though people felt there was no obstacle to expressing a minority identity at the workplace, the heteronormativity of the field in general, for example, does not encourage such expression.

What have we done so far?

We launched our diversity efforts in 2020. Through discussions with our personnel, we identified aspects of diversity that were of particular importance to us. With these as our starting point, we planned and executed a series of diversity actions.

We will continue striving for a more diverse workplace by hosting events and providing training. We also want to expand our collaboration with schools to make the legal world more diverse in the future.

Latest references

We acted as Finnish law legal adviser to the lenders and the export credit agencies in connection with the EUR 514.4 million green project financing for the development and construction of Easpring Finland New Materials Oy’s cathode active material (CAM) manufacturing plant in Kotka, Finland. The borrower, Easpring Finland New Materials Oy, is a joint venture owned by Beijing Easpring Material Technology, Finnish Minerals Group and LG Energy Solution. The financing was provided by six international commercial banks, with Société Générale acting as financial adviser and mandated lead arranger together with Natixis as co-mandated lead arranger, and DNB, ICBC, ING and Standard Chartered participating as lenders, with support from the export credit agencies Finnvera and Sinosure. The project represents a significant milestone for Finland and the European battery value chain by strengthening Europe’s domestic supply of cathode active materials, a key component in lithium-ion batteries for electric vehicles and energy storage applications. Once the first phase of the project is operational, the Kotka facility is expected to produce approximately 60,000 tonnes of cathode active material annually, making it one of the largest CAM production plants in Europe and supplying leading battery manufacturers across Europe. 
Case published 21.7.2026
We acted as Finnish legal advisor to Delta Capacity in connection with its acquisition of the ready-to-build Karppio battery energy storage system (BESS) project from Helios Nordic Energy. The acquisition was made and the project will be implemented together with Strioga Family Foundation. The Karppio BESS project is located in Teuva, Finland, and has a capacity of 125 MW / 300 MWh. Delta Capacity will lead the remaining development of the project through to commissioning, planned for 2027, and will serve as long-term asset manager. Delta Capacity is a Swiss-based developer of utility scale battery storage systems. The acquisition adds to Delta Capacity’s growing Nordic portfolio. 
Case published 20.7.2026
We advised Swedbank AB (publ) on the refinancing of a large Finnish retail real estate portfolio owned by Trophi’s Finnish subsidiaries. Trophi is the leading Nordic real estate company focusing on grocery anchored retail properties, with 278 properties across Sweden and Finland. Finland is a market that continues to develop and is also strategically important for Trophi, accounting for approximately 30% of Trophi’s letting and property value.
Case published 17.7.2026
We are acting as Finnish legal advisor to HANZA in connection with its acquisition of Fortaco Finland’s heavy mechanics and assembly business. The transaction is structured as a combined asset and share acquisition and includes Fortaco Finland’s heavy mechanics and assembly operations in Finland, as well as shares in two Estonian and two Polish subsidiaries. The transaction is expected to close during the fourth quarter of 2026, subject to customary closing conditions, including regulatory approvals. Founded in 2008, HANZA is a Swedish mechanical engineering and electronics contract manufacturing company listed on the Nasdaq Stockholm main list. HANZA has approximately 5,000 employees and annual sales of SEK 10 billion. We advise HANZA on this transaction in collaboration with the Swedish law firm Lindahl.
Case published 15.7.2026