Triple bottom line purpose in the Finnish legal landscape


BACKGROUND: This is a Pro Bono work on the permitted purposes of business entities in Finland. The 2021 study  is done on request from B Lab Europe by Castrén & Snellman together with Finnish B Corp Helsinki Capital Partners and Finnish B Corp prospect Futurice.

IN SHORT
The Limited Liability Companies Act Chapter 1 Section 5, regarding the purpose of the company, represents so called enlightened value maximisation principle. The current law allows a limited liability company to have a triple bottom line purpose:

(1) people (the social equity bottom line)
(2) planet (the environmental bottom line)
(3) profit (Profit, the economic bottom line)

THE 2021 STUDY
Legal landscape for triple bottom line limited liability companies Limited liability companies and sustainable business models- Finland