30.6.2021

Pride Reminds Us of the Need to Promote Equality for Rainbow Minorities

The Finnish Bar Association is visibly supporting Pride this year and is driving change in the culture of the field. While Pride week is an important opportunity to talk about diversity and equality, it is more important to promote the position of sexual and gender minorities throughout the year.

Laws Change, Working Life Lags Behind

Equality is a statutory right in Finland, but the customs and culture of working life are slower to change. The European Union Agency for Fundamental Rights conducted an LGBTI survey two years ago. According to the survey, as many as 92% of Finnish LGBTI people are in the closet at the workplace to some extent with respect to their sexual or gender identity.

Lawyers Aren’t an Exception as a Work Community

Based on the survey, Finland is not a model student when it comes to equality. Though we have no research data on our industry, we think it is safe to say that the legal community is no model student either. It is worrying to hear that a large number of young LGBTI people return to the closet after their studies when moving into working life in our field. It is sad that this is the case in 2021.

Though there is no industry-wide research data, we have examined the situation in our own firm. In our work satisfaction survey conducted in 2020, 96% of our personnel said that they could be themselves at the workplace. This is not a bad place to start. However, the picture looked different when we asked how people felt the workplace supported them in bringing out a minority identity.

In an equality survey that we carried out in 2021, 76% of respondents somewhat or fully agreed that our work community is supportive of employees expressing their membership in various minorities if they wish. Correspondingly, a quarter of respondents felt that this is not the case. One quarter is a significant number of people in a 260-person community that values sustainability, a good working atmosphere and the wellbeing of personnel. The comments indicated that, though people felt there was no obstacle to expressing a minority identity at the workplace, the general heteronormativity of the field in general does not encourage such expression.

What are we doing about it? We have launched a diversity project in which we discuss and educate ourselves as a community, because we want to better understand minorities and work to mitigate heteronormativity in our workplace. We consult outside experts in this work.

We are happy to work with the Bar Association and other law firms to improve the situation. Role models and encouragement to be oneself are also needed.  When we ask our personnel the same questions in our equality survey next year, we hope the answer will show that we have succeeded in making things better.

Improving our Culture is an Investment in Wellbeing and Business

It is up to each individual to decide how much they want to open up about their private lives at the workplace. However, in a tolerant and open workplace, employees should be able to share their personal news without hiding the name of their partner, for example, and also be able to look like themselves.

Many LGBTI athletes and artists have talked about how their performance improved significantly after coming out. A person can unlock their full potential when they no longer have to use energy to hide their identity. Genuine equality is important on a human level and can even indirectly benefit business. In our demanding field, we need the best talents and courageous individuals.

Latest references

We acted as Finnish law legal adviser to the lenders and the export credit agencies in connection with the EUR 514.4 million green project financing for the development and construction of Easpring Finland New Materials Oy’s cathode active material (CAM) manufacturing plant in Kotka, Finland. The borrower, Easpring Finland New Materials Oy, is a joint venture owned by Beijing Easpring Material Technology, Finnish Minerals Group and LG Energy Solution. The financing was provided by six international commercial banks, with Société Générale acting as financial adviser and mandated lead arranger together with Natixis as co-mandated lead arranger, and DNB, ICBC, ING and Standard Chartered participating as lenders, with support from the export credit agencies Finnvera and Sinosure. The project represents a significant milestone for Finland and the European battery value chain by strengthening Europe’s domestic supply of cathode active materials, a key component in lithium-ion batteries for electric vehicles and energy storage applications. Once the first phase of the project is operational, the Kotka facility is expected to produce approximately 60,000 tonnes of cathode active material annually, making it one of the largest CAM production plants in Europe and supplying leading battery manufacturers across Europe. 
Case published 21.7.2026
We acted as Finnish legal advisor to Delta Capacity in connection with its acquisition of the ready-to-build Karppio battery energy storage system (BESS) project from Helios Nordic Energy. The acquisition was made and the project will be implemented together with Strioga Family Foundation. The Karppio BESS project is located in Teuva, Finland, and has a capacity of 125 MW / 300 MWh. Delta Capacity will lead the remaining development of the project through to commissioning, planned for 2027, and will serve as long-term asset manager. Delta Capacity is a Swiss-based developer of utility scale battery storage systems. The acquisition adds to Delta Capacity’s growing Nordic portfolio. 
Case published 20.7.2026
We advised Swedbank AB (publ) on the refinancing of a large Finnish retail real estate portfolio owned by Trophi’s Finnish subsidiaries. Trophi is the leading Nordic real estate company focusing on grocery anchored retail properties, with 278 properties across Sweden and Finland. Finland is a market that continues to develop and is also strategically important for Trophi, accounting for approximately 30% of Trophi’s letting and property value.
Case published 17.7.2026
We are acting as Finnish legal advisor to HANZA in connection with its acquisition of Fortaco Finland’s heavy mechanics and assembly business. The transaction is structured as a combined asset and share acquisition and includes Fortaco Finland’s heavy mechanics and assembly operations in Finland, as well as shares in two Estonian and two Polish subsidiaries. The transaction is expected to close during the fourth quarter of 2026, subject to customary closing conditions, including regulatory approvals. Founded in 2008, HANZA is a Swedish mechanical engineering and electronics contract manufacturing company listed on the Nasdaq Stockholm main list. HANZA has approximately 5,000 employees and annual sales of SEK 10 billion. We advise HANZA on this transaction in collaboration with the Swedish law firm Lindahl.
Case published 15.7.2026