For us, responsibility means making an impact and taking responsibility through our actions. Our goal is to promote sustainability by implementing financially profitable projects with significant social or environmental benefit. We are a front-runner in impact investing.
2019 was a record year for the stock markets, both in Finland and internationally. The positive market development and the growth in assets under management also supported Taaleri’s success. I want to thank our clients for their trust, and our bankers, portfolio managers and other experts, as well as all of our partners for their outstanding work for the past year. Confidence in the future looks strong.Read more
The goal of Taaleri Wealth Management’s visionary investment activities is to offer clients financial returns and the opportunity to have a positive environmental and social impact. In September 2019 Taaleri was selected as Finland’s best wealth manager in Arvopaperi business magazine’s survey. The digital wealth management we launched in autumn allows us to create a cost-effective, personalized investment portfolio of index funds for our clients. You can start investing with just 1,000 euros.
The guarantee products of Garantia, the non-life insurance company that forms the Financing segment, enable investments, trading and wealth-building. Business responsibility is based particularly on taking into account the needs of the different parties in the housing markets and on securing investments. Our solvency remained strong in 2019, and S&P confirmed our credit rating of A-. During the year we guaranteed a EUR 40 million bond issued by a group of Finnish companies, and we developed a new kind of guarantee product for the changing needs of the rental market.
Garantia’s guarantee products create added value in the rental housing market where the trend is to waive security deposits. A rental guarantee makes it possible to rent an apartment without a security deposit, thereby supporting the tenant’s finances and increasing economic equality. The guarantee brings peace of mind to the owner and the renter of the apartment by reducing the financial risk of the investment.
Taaleri Energia’s goal is to accelerate the global transition to renewable energy forms. Wind power and solar energy are already competitive alternatives on the market. Year 2019 was a significant milestone for Taaleri’s internationalization as the SolarWind II fund, investing in Europe and the United States, was established and wind park projects were launched in Finland, Sweden and Norway. The SolarWind II fund was very well received among institutional investors. The fund will finance about 850 MW of renewable energy generation capacity, which will displace more than one million tonnes of carbon dioxide emissions annually over the life cycle of the plant.
The wind parks have been very successful investments for Taaleri funds and their investors. As a group, Taaleri will continue to make significant investments in renewable energy in the future.
In a survey conducted by Arvopaperi business magazine, Taaleri had the most satisfied clients in Finland. The company scored above average on all questions.
Taaleri Kapitaali acted as financial advisor and Taaleri Wealth Management as lead manager in Finland’s first green high-yield bond.
The target size of the renewable energy fund launched in summer is EUR 400 million, and the solar and wind power capacity is 850 MW.
Taaleri’s associated company Ficolo, a data center and cloud delivery company, invested EUR 50 million in server space. Ficolo’s operations run on renewable energy only.
Through the agreement, Taaleri’s funds reach Nordnet’s more than 230,000 customers and Nordnet’s fund portfolio expands with 12 Taaleri funds.
Securent, part of Taaleri Group, is implementing a guarantee service tailored for members of the Finnish Landlord Association. The guarantee service gives housing investors added security.
Taaleri Plc’s new CEO Robin Lindahl started on 1.6.2019. Juhani Elomaa joined Taaleri’s Board of Directors.
Taaleri is the main partner for Junior Achievement Finland and coaches children and young people in entrepreneurship, working life skills, and financial education.
In line with the Finnish Corporate Governance Code 2020 published by the Securities Market Association and in conjunction with the annual Financial Statements, Taaleri publishes a Corporate Governance Statement and current Remuneration Statement.