22.6.2021

Castrén & Snellman’s Carbon Footprint Halved during Pandemic Year

Castrén & Snellman has completed its second annual carbon footprint calculation. The firm’s carbon footprint in 2020 was approximately 388 tonnes of carbon dioxide equivalent (CO2-e). The pandemic year nearly halved the firm’s carbon footprint, as the firm’s emissions were 750 tonnes in 2019.

‘This drastic drop in our footprint is mainly due to the pandemic. The end of business travel in March 2020 reduced our emissions from that source by 79% compared to 2019. It is important to keep in mind that the pandemic has had an extensive impact on how work is done in the legal services industry. Our emissions from heating also went down 22%’, says Anna Kuusniemi-Laine, head of sustainability at C&S.

The firm’s main sources of greenhouse gas emissions remain business travel and heating, which together correspond to approximately 67% of the total, making up 20% and 47% of emissions, respectively.

The most important role of the calculation is to spur the firm on in reducing its climate impact.

‘Calculating our footprint helps us focus reductions in the right places’, Kuusniemi-Laine continues.

The calculation is based on the GHG Protocol standards, which are the most widely used greenhouse gas accounting standards globally. Sustainable business consultancy Gaia Consulting advised the firm in the calculation.

Primary Reduction Targets: Business Travel and Heating

Based on our first calculation last year, the firm decided to reduce emissions by 25% by 2025 by reducing emissions from business travel and heating.

‘The pandemic sped up our adoption of new digital tools. We want to take what we have learned over the past year to continue to reduce business travel emissions. With the situation starting to return to normal, we are also adjusting the emissions target we set last year’, Kuusniemi-Laine continues.

The C&S office is located in central Helsinki, and a comprehensive energy renovation of the building was completed in the spring.

‘The renovation will reduce the building’s energy costs and environmental emissions by about 20%, which will also affect our firm’s future emissions. The property already buys only green energy, and we have an active dialogue with our landlord concerning new ways to reduce our firm’s emissions’, Kuusniemi-Laine says.

Carbon Footprint and Green Office Are Part of C&S’s Sustainability Work

As a member of the UN Global Compact, Castrén & Snellman is committed to the UN Sustainable Development Goals and to combating climate change. In addition to reducing its emissions, C&S also offsets its emissions each year.

As part of the WWF’s Green Office programme, the firm reports its paper and electricity consumption and its emissions from travel and sets new targets each year. In 2020, all three monitored numbers dropped, particular emissions from air travel.

Latest references

We advised A. Ahlström Real Estate Ltd in its acquisition of an office complex in Pasila, Helsinki, from Avain Yhtiöt Oy. The office complex is part of a new block area that will also include three tower blocks. Construction of the block has started in early 2025 and the office building is expected to be completed by the end of 2026. The office building is located in Central Pasila, in the immediate vicinity of the Tripla shopping centre, with excellent transport connections. The office will provide modern and adaptable office space for up to 450 employees. The anchor tenant in the new premises is Avain Yhtiöt. A. Ahlström Real Estate manages the real estate and forest assets of A. Ahlström Oy. Avain Yhtiöt is a Finnish housing provider specialising in developing, constructing, and managing residential properties and housing services. Under the Avain Asunnot brand, Avain Yhtiöt and Avain Asumisoikeus own over 12,000 rental, right-of-occupancy, and service housing units across Finland.
Case published 18.3.2025
We advised OP Corporate Bank plc in a real estate financing arrangement relating to DHL Express logistics centre under construction near Helsinki Airport. In the arrangement Nrep (acting on behalf of NSF III Fund) and Pontos Group acquired Finavia’s stake of DHL Express logistics centre under construction. LEED Platinum certification will be applied for the project, and as a result of the certification, the facility is contemplated to qualify as a green loan after the construction completion date.
Case published 12.3.2025
We advised Gasum in chartering a new LNG and bio-LNG bunker vessel. The vessel called Celsius will serve Gasum’s customers starting 2027. The investment is part of Gasum’s strategy to secure the availability of LNG and bio-LNG to its customers in the Northwestern European area as demand increases in the coming years. Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers. Sirius is a Swedish shipping company founded by the Backman family. Sirius operates 11 product/chemical tankers and 2 LNG tankers and has a further 3 product/chemical tankers under commercial management.
Case published 11.3.2025
Castren & Snellman Ebrands funding round
We assisted eBrands Holdings Oy in its latest funding round, during which the company raised 7.5 million euros. The new funding brings the company’s total raised capital to 50 million euros. The latest funding round was mainly led by the family investment company Veikko Laine, Varma Pension Fund, and operational shareholders. The funding will be used to develop eBrands’ AI-based Apollo market growth tool, which helps brands expand into sixty different markets and sales channels without local infrastructure or heavy investments. eBrands is an export platform that grows consumer brands globally through e-commerce and major retail channels. Specializing in the US and European markets, eBrands enables brands to internationalize with an export service model that reduces the risk and complexity associated with expansion by leveraging advanced technology. Founded in 2020, the Helsinki-based company’s team includes 75 people, and the company’s revenue exceeds 35 million euros.
Case published 11.3.2025