The objective of the Bank of Finland’s asset management is to meet the liquidity, security and return requirements placed on the central bank in respect of the assets managed. The Bank of Finland's responsibilities in its investment activities are based, on one hand, on the general responsibility requirements for investment activities and, on the other hand, on the objective to improve the management of various risks.
The majority of the Bank of Finland’s financial assets consist of fixed-income investment portfolios, which are held mainly in government and government-related debt instruments. The Bank of Finland also has direct fixed-income investments in covered bonds and corporate bonds. The issuers of these bonds are expected to comply with international standards. The Bank of Finland therefore excludes from its investments issuers that do not comply with the principles of corporate sustainability defined in the United Nations Global Compact. These principles are derived from the Universal Declaration of Human Rights, the International Labour Organization's Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development and the United Nations Convention Against Corruption. In addition, the Bank of Finland does not make direct fixed-income investments in companies that manufacture weapons prohibited by international agreements.
In the planning and execution of its investment activities, the Bank of Finland utilises analyses by an external service provider on the responsibility of the investment instruments as to compliance with international standards. Following the service provider´s analysis, the Bank of Finland’s internal working group on responsible investment takes the final decision on those instruments in which the Bank will not invest.
The Bank of Finland’s investment activities also include fixed-income investment in green, social and sustainability bonds and bonds issued by development banks.
The Bank of Finland's investments in equities and real estate are done through funds. The Bank invests only in funds that are managed by companies that are strongly and transparently committed to responsibility. In addition, the Bank of Finland expects that management companies exert influence on the companies that they invest in, so that the companies take responsibility issues into account.