20.9.2019

Castrén & Snellman Continues Development of Corporate Responsibility Expertise through Lecture Series on Sustainable Success Stories

Responsibility has become an integral part of business and impact has become a driver of success. Castrén & Snellman launched a new lecture series to foster responsibility expertise and promote sustainable choices on Global Zero Emissions Day on 21 September.

Castrén & Snellman is a corporate responsibility forerunner in the legal services industry, being the first law firm accepted in the WWF’s Green Office network, among other things. Responsible business is a goal that unites us and our clients and one that we have invested a great deal in. We regularly advise our clients in adopting corporate responsibility and compliance programmes and we are a member of the FIBS corporate responsibility network. We joined Finland’s Sustainable Investment Forum FINSIF as the first law firm in 2015. The following year we also joined the Climate Leadership Council (CLC).

By investing in the development of corporate responsibility matters, Castrén & Snellman intends to maintain its position as a strategic adviser to its clients and an advocate of sustainable success stories. Our Sustainable Success Stories lecture series builds on our strong foundation of corporate responsibility expertise and will train our own experts in the subjects of corporate responsibility and impact.

The first lecture, From Responsibility to Impact, was held on the eve of Zero Emissions Day. The speakers at the inaugural lecture were Annu Nieminen from The Upright Project and Valio’s General Counsel Saara Vahvaselkä. The lecture series will continue over the autumn of 2019 and will cover subjects such as the ABCs of corporate responsibility, the fundamentals of responsible investment and the importance of human rights in business.

Latest references

We advised Nala Renewables on the Finnish law aspects of the development, acquisition and financing of its battery energy storage system (BESS) project in Vuolijoki, Finland. The project comprises a 125 MW / 250 MWh battery energy storage system. Our advice extended beyond financing to the transaction’s legal due diligence and the acquisition of the project company. We also advised on key project contracts and financing documentation for the project finance facilities provided by Coöperatieve Rabobank U.A. The project is part of Nala Renewables’ growing portfolio of battery storage assets in Finland and the wider Nordic region, supporting the integration of renewable energy and contributing to the flexibility and stability of the Finnish electricity grid.
Case published 3.11.2026
We advised Foundation Clinic in connection with its funding round backed by a group of prominent Finnish technology entrepreneurs and investors, including founders behind Supercell and Wolt. Foundation Clinic is a Finnish healthcare company developing a new approach to private healthcare focused on preventive, data-driven and continuous care. The company aims to combine comprehensive health data with ongoing medical care to identify and address health risks at an early stage.
Case published 29.10.2026
We advised Delta Capacity AG in a project financing of two battery energy storage systems (BESS). The financed projects are among the largest BESS developments in Finland to enter construction with 250 MW / 600 MWh combined capacity. The financing was provided by Société Générale with support from Finnvera. Construction of both projects, located in Lapinlahti and Teuva, has already begun and the commercial operations are targeted to commence in late 2027 with partial tolling agreements already in place for both assets. The project in Lapinlahti is executed in partnership with Covenergo, while the project in Teuva is executed in partnership with Strioga Family Foundation. Delta Capacity is a Swiss developer of utility-scale battery storage systems. The projects strengthen Delta Capacity’s growing Nordic portfolio and support the flexibility of Finland’s electricity system by adding energy storage capacity, enabling production optimization as well as participation in electricity markets and reserve services.
Case published 28.10.2026
We acted as legal adviser to Martela Corporation in its directed share issue, through which Martela raised gross proceeds of approximately EUR 7.2 million to strengthen the company’s financial position and liquidity and to create headroom for continuing the necessary development and efficiency measures. In connection with the directed share issue, Martela’s unlisted series K shares, which carried greater voting rights, were combined with its listed series A shares. Following the combination, the company has only one share series, which is traded on the regulated market maintained by Nasdaq Helsinki Ltd, with each share carrying one vote and otherwise identical rights. Martela is a Nordic leader specialising in user-centric working and learning environments. With over 80 years of experience, Martela creates the best places to work and offers its customers the Martela Lifecycle solutions which combine furniture and related services into a seamless whole.
Case published 27.10.2026