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.
For more information, please contact:
Latest news
Latest references
United Bankers – Sale of three care properties
We advised United Bankers on the sale of three care properties to Kinland AS. The buildings were completed between 2021 and 2022 and meet high technical and environmental standards. All three properties are fully leased. The portfolio has a weighted average unexpired lease term of 13 years.
Case published 1.6.2026
Hiab – Financing for USD 1,035 million acquisition of Labrie Environmental Group
We are advising Hiab Corporation in the financing for its USD 1,035 million acquisition of Labrie Environmental Group, a leading North American refuse collection vehicle (“RCV”) manufacturer, from Wynnchurch Capital, L.P. Hiab Corporation (Nasdaq Helsinki: HIAB) is a leading provider of smart and sustainable on-road load handling solutions, with 2025 sales of approximately EUR 1.6 billion and approximately 4,000 employees, operating through a global network spanning over 100 countries. Labrie Group is a leading North American provider of RCVs, employing approximately 1,200 people.
Case published 1.6.2026
Lenders to ICEYE – EUR 300 million revolving credit facility for ICEYE
We advised an international bank syndicate in a EUR 300 million revolving credit facility (RCF) for ICEYE, the world leader in sovereign intelligence from space. The bank-syndicate comprised Nordic and global banks, with Citi and Danske Bank acting as Joint Global Coordinators and Mandated Lead Arrangers. The RCF will support the issuance of guarantees for customer contracts, enable continued business growth, and serve as a liquidity backstop.
Case published 21.5.2026
Terrieri Kiinteistöt, A. Ahlström Kiinteistöt and S-Bank Building Plot non-UCITS Fund – Sale of a production and logistics property
We are advising Terrieri Kiinteistöt Ky and A. Ahlström Kiinteistöt Oy in the sale of a modern production and logistics building complex to Swedish property investment company Catena AB. We are also assisting S-Bank Building Plot non-UCITS Fund which in connection with the transaction, has agreed to sell the land area where the building complex is located to Catena AB. The building complex located in the immediate vicinity of Helsinki-Vantaa Airport was completed in 2021 and comprises approximately 23,260 square metres of leasable area, fully leased to Cramo Finland Oy. The approximately 140,000-square-metre plot offers additional long-term development potential in the form of approximately 45,000 square metres of additional building rights.
Case published 21.5.2026