18.2.2021

C&S Continues as a Sustainability Forerunner in the Legal Services Industry – Publishes 2020 Sustainability Report

Castrén & Snellman was the first Finnish law firm to join the UN Global Compact at the start of 2020. Our newly published first sustainability report summarises the work we have done so far and sets goals for 2021 that raise the bar even higher. We aim to continue being a forerunner of sustainability in commercial law and to continue building sustainable success stories with our clients.

‘Joining the world’s largest corporate sustainability initiative has sharpened our focus. It has been a great pleasure to help our clients take climate action, for example, in wind power projects and carbon neutrality transformations. We have also been involved in sustainable finance and impact investing assignments. Our own work has the greatest impact through these kinds of projects’, C&S Head of Sustainability Anna Kuusniemi-Laine said of the first year.

As part of the Global Compact, the firm just published its first sustainability report, which sums up the firm’s sustainability work in 2020.

‘Our first year focused on climate action. We mapped our carbon footprint, set reduction targets for our emissions and compensated our 2019 emissions. W participated in a clean water project in Ruanda and started our own reforestation project in cooperation with a Finnish organisation called Carbon Deed. We also joined the Science Based Targets – Business Ambition for 1.5°C initiative and committed to its emissions reductions’, Kuusniemi-Laine continued. 

In 2020, we also supported our personnel’s work-life balance and began work to promote diversity.

Our work on all fronts of corporate responsibility continues in 2021. One of the main goals C&S has set for itself this year is developing its expertise in human rights issues: among other things, the firm has join the Finland Chamber of Commerce’s human rights commitment and is carrying out a human rights review of its own operations.

Read the report.

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 acquisition financing
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
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
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