Back to overview

Government Resolution on State Ownership Policy

Finland Current 2016

The resolution asks non-listed state-owned companies and state majority-owned companies to report their sustainability performance in an accurate and comparable manner.

Issuer name

Prime Minister's Office

More information

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.

Comply or explain

True

Organizations covered by the instrument

State-owned companies

Target organization notes

Applies to the non-listed state-owned companies and state majority-owned companies

Industry scope

All/none specified

Disclosure venue

Sustainability report

ESG coverage - E (Environment)

All

ESG coverage- S (Social)

All

ESG coverage- G (Governance)

Structure & Leadership, Remuneration

ESG coverage- Eco (Economic & General)

Economic performance

Status

Current

Country

Finland

Region

Europe

Date of publication

2016

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Go to the instrument