30.9.2020

Castrén & Snellman to Compensate Carbon Footprint through Safe Water Project in Rwanda

Castrén & Snellman will compensate its 2019 carbon footprint by buying emissions reductions through a clean water project in Rwanda that will reduce the burning of wood. Compensating its carbon footprint is part of Castrén & Snellman’s work to reduce its climate impact.

‘The Rwanda Boreholes project is part of the UN’s emissions compensation system. The system focuses on developing countries that do not have their own emissions reduction targets. By compensating our emissions through these projects, we are helping to more fairly distribute the burden of fighting climate change’, says Castrén & Snellman’s Head of Sustainability Anna Kuusniemi-Laine.

‘Our personnel voted on what compensation project to support’, Kuusniemi-Laine says. The firm has previously compensated its air travel emissions and has now expanded compensation to cover its other emissions sources, as well.

Along with reducing and compensating its emissions, Castrén & Snellman is launching a climate project in Finland later this autumn.

Safe Water Reduces the Burning of Wood and Promotes Health

The Rwanda Boreholes project restores and repairs boreholes in the least developed parts of Rwanda, removing the need for communities to burn wood to boil their water for purification. The reduction in emissions comes directly from reduced wood burning. The project also has significant health impacts.

This Gold Standard certified emissions reduction project is carried out by South Pole, a sustainable development expert organisation with experience from over 700 emissions reduction projects.

Read more about the project on South Pole’s website.

Targeting a 25% Carbon Footprint Reduction by 2025

Castrén & Snellman completed its first carbon footprint calculation this summer. Based on the calculation, the firm set itself the goal of reducing its carbon footprint by 25% from its 2019 level by 2025.

As a member of the UN Global Compact, Castrén & Snellman is committed to the UN’s sustainable development goals and to taking action against climate change. The Global Compact is the world’s largest corporate sustainability initiative.

Carbon Footprint Mapping, Reduction and Compensation Part of C&S’s Sustainability Work

The mapping, reduction and compensation of its carbon footprint are now a part of Castrén & Snellman’s annual sustainability work. The firm will continue to refine its picture of its climate impact and follow-up on its emissions reduction targets to make sure they remain ambitious.

Read more about sustainability at Castrén & Snellman.

Latest references

We advised Neste Corporation on the refinancing of its EUR 500 million term facility by way of two EUR 250 million bilateral term facilities provided by OP Corporate Bank plc and Danske Bank A/S, Finland Branch.  Each term facility has a maturity of three years with extension options.
Case published 25.11.2025
We are assisting Prisma Properties AB in a sale and leaseback arrangement with Kesko Oyj comprising ten grocery retail properties. The transaction value is approximately EUR 59 million, and the properties are located in Sastamala, Jyväskylä, Lappeenranta, Vihti, Oulu, Saarijärvi, Liminka, Imatra, Loviisa, and Eurajoki.  As part of the arrangement, the properties are leased back to Kesko Oyj under lease agreements with a weighted average lease term of 11.6 years. The portfolio includes well-known store concepts such as K-Citymarket, K-Supermarket, and K-Market.
Case published 20.11.2025
We advised the urban developer and construction company YIT on the drafting and negotiation of two construction agreements with the leading algorithmic trading firm XTX Markets for the development of two data centres in Kajaani, Finland, which are part of XTX Markets’ data centre complex. The first agreement, valued at approximately EUR 100 million and signed in December 2024, marked the commencement of the construction of the first data centre facility in Kajaani, establishing Kajaani as a strategic hub for high-performance computing infrastructure.  Building on the success of this collaboration, YIT and XTX Markets entered into a second agreement in August 2025 to commence construction of a second data centre facility. This phase includes the delivery of the shell and core of the new building.
Case published 20.11.2025
Castrén & Snellman acted as legal advisor to Coöperatieve Rabobank U.A. in its capacity as sole lender and hedging bank providing senior financing to Olana Energy for a Battery Energy Storage Systems (BESS) portfolio in Finland. Our advice included preparing a legal due diligence report on the projects as well as advising on the negotiation of the various finance and project agreements. Olana Energy is a management-owned fast-growing independent power producer with an international pipeline of over 1 GW. The diversified portfolio of assets ranging from 5 to 30 MW reinforces the Finnish grid at a granular level.
Case published 18.11.2025