Search

27.5.2025 | On 5 March 2025, the European Commission gave two Communications: one on an industrial action plan for the European automotive sector and one on the decarbonisation of corporate fleets. The Ministry of Transport and Communications informed the Parliament of Finland of the Action Plan for the automotive industry on 9 May 2025 and of the Communication on the decarbonisation of corporate fleets on 26 May 2025.

10.4.2025 | The value of state holdings stood at around EUR 30 billion at the end of 2024. The State earned a total of EUR 1.45 billion in revenue from its corporate holdings. The goal is to use EUR three billion in state revenue from corporate holdings to finance the Government's investment programme over the current government term.

5.5.2022 | The European Commission published its proposal for EU corporate social responsibility legislation on 23 February 2022. Today, the Government submitted its view on the Commission’s proposal to Parliament. The Government considers the proposal important and supports it in key respects, but also emphasises that the regulation must be clear and that companies must have realistic opportunities to comply with the proposed obligations.

3.4.2024 | In 2023, the State earned a total of EUR 1.6 billion in revenue from its corporate holdings. The accrued dividend was especially boosted by Neste’s dividend and by the dividends paid by Solidium. The value of state holdings stood at around EUR 37 billion at the end of the year.

State ownership steering and ownership policy State ownership policy is active, open and pragmatic. The State develops its shareholdings using the tools of a responsible owner and aims for a long-term increase in ownership value. The premises for ...

24.5.2024 | The EU’s Competitiveness Council, which includes ministers from the Member States, adopted the Corporate Sustainability Due Diligence Directive (CSDD Directive) on 24 May. After formal approval by the Council, the Directive will be signed and published in the Official Journal of the European Union. After the Directive has entered into force, the Member States will have two years to transpose the new rules into their national legislation.

1.12.2022 | The EU competitiveness ministers will convene for the last Competitiveness Council meeting of the year in early December. At the internal market and industry meeting, the ministers aim to reach a general approach on corporate sustainability due diligence and the Chips Act. Meanwhile, the research and innovation meeting is expected to adopt conclusions on a new European innovation programme.

23.2.2022 | The EU is making progress with the preparation of corporate social responsibility legislation. Today, the Commission published a proposal for a Directive on corporate sustainability due diligence. Next, the Commission proposal will be discussed by the EU Member States and the European Parliament. The Ministry of Economic Affairs and Employment will organise a stakeholder event regarding the proposal on 9 March 2022.

15.3.2024 | On 15 March, the Committee of Permanent Representatives of the Governments of the Member States (Coreper) discussed the Corporate Sustainability Due Diligence Directive. The amended proposal for a Directive received a qualified majority of votes of the Member States in Coreper. The matter was previously discussed on 28 February. The European Parliament must now approve the content of the Directive.

Frequently asked questions about state ownership steering and ownership policy Why does the State own listed companies? The listed companies in which the State has large shareholdings – Finnair (55.9 per cent), Fortum (51.26 per cent), Neste (44.2...

22.4.2026 | Prime Minister Petteri Orpo’s Government has agreed on the General Government Fiscal Plan for 2027–2030. Both the global economy and Finland’s finances are facing challenges. In its spending limits session, the Government focused on new targeted measures to strengthen people’s confidence in the future and improve the conditions for growth and employment.

28.2.2024 | Today, the Committee of Permanent Representatives of the Governments of the Member States (Coreper) discussed the due diligence obligations of companies concerning corporate social responsibility, i.e. the EU Directive on Corporate Sustainability Due Diligence. Despite Finland’s constructive influence, the proposed Directive failed to receive a qualified majority of votes in Coreper.

30.6.2020 | The analysis outlines the nature of the due diligence obligations that could be imposed on companies within a legislative framework in Finland. Due diligence refers to the obligation of a company to operate in a way that prevents the realisation of a human rights or environmental risk.

Sustainability in state-owned companies Sustainability is becoming more and more important for the competitiveness and shareholder value of companies. As an owner, the State expects companies to lead the way in sustainable business. The State’s ex...

Economic Council meetings 2026 26 February: Economic Outlook and ECB Monetary Policy 2025 10 December: The fiscal policy framework and the debt brake 5 November: Data Economy and the Economic Potential of Artificial Intelligence 10 September: Trad...

13.4.2023 | Russia’s war of aggression in Ukraine and the energy crisis that characterised the whole year affected the operations of state-owned companies and ownership steering in many ways in 2022.

27.3.2023 | On 27 March 2023, the Ministry for Foreign Affairs published two analysis reports on how the forthcoming EU Corporate Sustainability Due Diligence Directive would affect developing countries and their trade and companies.

Progress of the government action plan to combat racism The government action plan to combat racism and promote equality implements the policies set out in the equality statement issued by the Government. The selected measures are based on an asse...

5.5.2022 | In 2021, the prolonged COVID-19 pandemic weakened the ability of state-owned companies to generate revenue, while the State continued to provide financial support to the transport sector. The State received EUR 2.1 (0.9) billion in revenue from its shareholdings, with the value of the portfolio totalling approximately EUR 47 (47) billion. In this year’s report on its annual accounts, the State has now also begun reporting on the attainment of sustainability objectives in its portfolio.

10.9.2024 | Minister of Climate and the Environment Kai Mykkänen met the senior management of forest companies on Tuesday 10 September to discuss the damages to freshwater pearl mussels at Suomussalmi. A particular focus was on access to data on the species and the role of supervision.