Castrén & Snellman continues as a sustainability forerunner in business law. Our newly published sustainability report for 2023 is our fourth. The report offers an overview of our sustainability work thus far, covering three areas: advice for clients, responsible business and impact on society.
7.5.2024
Castrén & Snellman published its sustainability report for 2023
Our sustainability report for 2023 highlights diversity work and ESG-related client assignments
We take ESG considerations into account in all the services we offer to our clients. Increasingly, we carry out ESG due diligence reviews and provide training on the developing regulatory framework of corporate sustainability.
Here are some ways in which we promoted sustainability in 2023:
- We focused on diversity work and have had success. Fewer employees disagree with the statement that our work community supports employees expressing their membership in minorities. In our first equality survey in 2021, 13.5% of the respondents disagreed with the statement while in 2023 only 4.4% disagreed.
- We organised our sustainability work more efficiently. We established an ESG steering group consisting of partners to focus on corporate sustainability. Our Head of Sustainability, Partner Anna Kuusniemi-Laine joined the Management Group. ESG Counsel Lia Heasman was recruited to strengthen our client work. These decisions made in 2023 will be reflected in our work this year.
- We met our first climate targets as our direct emissions and the emissions from the energy we use decreased over 99% compared to 2019. The decrease is largely due to a switch to renewable district heating in our premises in the autumn of 2022. There is still room for improvement in reducing our indirect emissions in the value chain.
Read our sustainability report.
Our sustainability work in 2024 is spurred on by the regulatory framework of corporate sustainability as we help our clients meet the requirements of new ESG laws, such as the Corporate Sustainability Due Diligence Directive. We are also preparing for the Corporate Sustainability Reporting Directive ourselves, since it will apply to us as of 2025.
You can read the reports for the years 2020–2022 here.
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Latest news
Latest references
Banyan Software – Acquisition of Carus Ferry
We acted as legal adviser to Banyan Software on its acquisition of Carus Ferry, a Finland-based provider of reservation, check-in and port operations software for ferry and passenger shipping operators. The acquisition further strengthens Banyan Software’s presence in the Nordic region while providing Carus with a long-term partner to support its continued growth and development. Carus was founded in 1998 and is headquartered in Mariehamn on the Åland Islands, Finland. The company develops mission-critical software for ferry, cruise and passenger shipping operators, covering the full passenger journey from booking and ticketing to capacity management, check-in and boarding. Carus also provides port automation, onboard sales systems and business information tools. The company serves approximately 30 operators across four continents and is the largest vendor by customer count in ferry reservation and departure control. Banyan Software is an acquirer and long-term operator of mission-critical software businesses serving specialised industries. Founded in 2016, Banyan follows a buy-and-hold-for-life approach and supports the long-term growth and development of its portfolio companies. Banyan operates more than 130 portfolio companies across North and South America, the United Kingdom, Europe and APAC. Following the acquisition of Carus, Banyan operates three businesses in the Nordic region.
Case published 20.10.2026
Move Energy – Combination of 3North Partners and Steady Energy and related private placement and IPO
We advised Move Energy as an investor in connection with the combination of 3North Partners Plc and Steady Energy Oy and the related private placement and initial public offering of the combined company on Nasdaq First North Growth Market Finland. In connection with the transaction, 3North Partners received approximately EUR 69.8 million in investor commitments from a group of institutional and other investors, including Move Energy, to fund the combined company. Steady Energy is a Finnish nuclear technology company developing a new generation of small modular reactors (SMRs) particularly suited for district heating. Its LDR-50 reactor is designed to provide cities and utilities with a scalable and low-carbon alternative to combustion-based heat production.
Case published 19.10.2026
Efima – Sale of AI business
We advised Efima Oyj on the sale of its AI business to Better Care Technologies Oy. The transaction included Efima’s Moiva AI platform developed for the care sector, the related technology and brand, customer contracts, and the experts working in the business. Efima is a Finnish digital company that supports the sustainable growth of large and mid-sized companies by streamlining their business processes and by creating competitive advantage through the innovative use of artificial intelligence and data. The company has nearly 200 experts based in Helsinki and Tampere.
Case published 21.9.2026
Neoen – Sale of data centre
We advised Neoen Renewables Finland Oy, part of the French Neoen Group, in its sale of a data centre project to a consortium consisting of international data centre developers and operators. This marked Neoen’s first data centre development project in Finland. Founded in 2008, Neoen is one of the world’s leading independent renewable energy producers. The company operates in 15 countries. It develops, finances, builds, owns, and operates solar power plants, wind farms, and battery storage systems. Neoen Group is owned by global alternative asset manager Brookfield Corporation.
Case published 17.9.2026