Finland

SRI in Finland has gotten off to a slow start. The inertia in the Finnish market can be attributed to the absence of a responsible investment asset manager or investor spearheading this type of investing and a lack of media and NGO attention. However, there are indications that responsible investment is gaining momentum. In the summer of 2007, a TV documentary spotlighted suspect investment practices. As a consequence, at least one pension fund adopted responsible investment guidelines based on UN PRI principles, and there are indications that other institutions are likely to follow.

Some facts about the Finnish market (as of 31/12/2007):

• SRI Market size: €13.4 billion for Core, €54 billion for Broad
• Influential actors: institutional investors
• Leading Strategies: Norm-based screening, integration, engagement
• SIF (yes/no): No

For more information on SRI in Finland, download the Finnish section of Eurosif's European SRI Study 2008.