Hartwall Capital aims to be an active, long-term owner with a focus on sustainable value  creation, and by  creating value in the portfolio companies, Hartwall Capital contributes directly and indirectly to the long-lasting wellbeing in the society.

Sustainability at Hartwall Capital

Hartwall Capital acts responsibly in its investment activities and expects the same from its portfolio companies. We believe that it is crucial for the long-term success to incorporate different aspects of ESG considerations – environmental, social and governance – into our decision-making processes and ownership activities. Hartwall Capital considers that industries and companies related sustainability topics are strongly supported by long-term trends and therefore provide an attractive investment opportunity. This Responsible Investment Policy was approved as guidance in 2020.

Responsible Investment Policy

Focus topics


  • Preventing climate change
  • Promoting clean water
  • Improving waste management


  • Promoting equality, diversity and non-discrimination
  • Contributing to a more sustainable society by improving work conditions and employee’s wellbeing


  • Promoting fair and ethical business practices and compliance with applicable laws and regulations
  • Improving transparency and implementing clear governance structures

Our guiding principles

Hartwall Capital signed the UN Principles for Responsible Investment (UNPRI) in 2020. In addition, Hartwall Capital joined the Finnish Venture Capital Association, FVCA, which requires the company to promote corporate responsibility in its operations. The principles are in line with Hartwall  Capital’s fundamental values and investment philosophy. In addition, committing to responsible business by signing the principles serves as additional support for decision-making and creates accountability through the transparency and reporting requirements.

The signatories of the UN Principles for Responsible Investment commit to:


Incorporate ESG-(environmental, social and governance) issues into investment analysis and decision-making processes


Be active owners and incorporate ESG issues into our ownership policies and practices


Seek appropriate disclosure on ESG issues by the entities in which we invest


Promote acceptance and implementation of the Principles within the investment industry


Work together to enhance our effectiveness in implementing the Principles


Report on our activities and progress towards implementing the Principles

In addition, Hartwall Capital aims to align its investments with the UN Sustainable Development Goals (SDGs).

Do you want to know more?

Noora Haraholma