UN Social Impact Investing Initiative opens new office in Helsinki. The relocation of the UNOPS S3I initiative to Helsinki adds to the UN presence in Finland.
An agreement was signed on 12 August by Minister for Development Cooperation and ForeignVille Skinnari and UNOPS Executive Director Grete Faremo.
The Social Impact Investing Initiative (S3I) of the United Nations Office for Project Services (UNOPS) is a programme for promoting the UN’s Sustainable Development Goals (SDGs) in developing countries. Opening its new office in Helsinki, the S3I initiative will focus on major infrastructure projects in three sectors: renewable energy, affordable housing, and health. It will operate as project developer, making projects suitable for investment and attracting private investor finance. Impact investing means responsible investment in which the investor aims not only to make a return but to generate a social impact.
“The City is part of this process of enabling UNOPS to move its S3I operations, and in this concrete way we want to foster the image of Helsinki as a city that is internationally networked and provides a great operating environment for global organisations. The S3I initiative is of global importance and also supports Helsinki’s goal of a more significant role for cities in implementing the Sustainable Development Goals,” says Mayor of Helsinki Jan Vapaavuori.
The relocation of the UNOPS S3I initiative to Helsinki adds to the UN presence in Finland: Helsinki already has the United Nations University World Institute for Development Economics Research (UNU-WIDER), and Otaniemi in Espoo is home to the UN Technology Innovation Labs (UNTIL).
The S3I office will be located in Sofia Future Farm in the heart of Helsinki.