Government Resolution on State Ownership Policy, 2011.

Finland Current will be updated in spring 2016 2011 (update in 2016)

The Finnish resolution asks non-listed state-owned companies and state majority-owned companies to report their sustainability performance in an accurate and comparable manner. The resolution provides information about the main practices of the state as an owner, and the guidelines for ownership within ministries. The underlying objective is to make the Finnish state-ownership policy as open and consistent as possible, and so encourage good business practice for non-state-owned businesses. The resolution’s annex features a reporting model based on GRI’s G3 and G3.1 Guidelines, using a ‘comply or explain’ principle.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Non-listed state owned companies

Type of instrument

Legislation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners