Euroclear makes an anniversary donation of €25,000 to the Clean Baltic Sea projects

Euroclear Finland decided to join the effort to save the Baltic Sea by donating €25,000 to the Vantaanjoki gypsum treatment project, led by the John Nurminen Foundation.

‘To celebrate the 50th anniversary of Euroclear Group, we wanted to make a donation to two local non-profit organisations. We chose to donate to the John Nurminen Foundation’s Clean Baltic Sea projects because clean nature is something that touches us all, and protecting the Baltic Sea is an important issue also for future generations’, explains Hanna Vainio, Euroclear’s CEO.

In terms of blue-green algae, last summer was the worst we have seen in decades. The sea was doing poorly, with wide-spread algae blooms giving us a gloomy reminder of the fact that eutrophication continues to be the most significant environmental problem faced by the Baltic Sea.

The John Nurminen Foundation’s Clean Baltic Sea projects combat eutrophication with concrete measures. Euroclear’s donation was made to the Vantaanjoki gypsum treatment project, led by the Foundation. In 2018-2020, the project will treat as much as 3,500 hectares of cultivated fields in the Vantaanjoki catchment area with gypsum. Treating fields with gypsum helps make the Vantaa River and the Baltic Sea cleaner, as gypsum decreases erosion, and immediately curbs eutrophication-inducing phosphorus loads from waterways.

‘We decided to target our donation to the Vantaanjoki gypsum project because the project will directly improve the ecological status and recreational value of our waterways. The fast and efficient impact of treating fields with gypsum has been proven with research, so the funds donated will bring results for Baltic Sea protection. It is great that we can do our share in promoting this most valuable cause’, says Vainio.

The Vantaanjoki gypsum treatment project will curb the phosphorus loads from agriculture by 10 tonnes in the span of five years.  The support from Euroclear will fund the gypsum treatment of approximately 90 hectares of cultivated field.

John Nurminen Foundation – Baltic Sea protection and marine culture
Founded in 1992, the purpose of the John Nurminen Foundation is to save the Baltic Sea and its heritage to future generations. The Foundation has been awarded for its work as a communicator of information and producer of marine content. The goal of the Foundation’s Clean Baltic Sea projects is to improve the condition of the Baltic Sea with tangible measures that will reduce the load and environmental risks directed at the sea. www.johnnurmisensaatio.fi

Euroclear Finland
Suomen Arvopaperikeskus Euroclear Finland is the national central securities depository, responsible for the settlement and custody of digital securities in Finland since 1992.  Euroclear Finland is part of the world’s largest securities settlement and clearing provider, Euroclear Group. Euroclear Group is owned and governed by its customers, and the Group comprises securities depositories in Finland, Sweden, France, Belgium, Holland, UK and Ireland, and the international securities depository, Euroclear Bank. In 2017, the value of instruments deposited by customers with the Euroclear Group was €28.6 trillion. www.euroclear.fi

More information:

Pekka Isosomppi
Head of Communications and Public Affairs, Euroclear Finland
+358 20 770 6336

Erkki Salo
Fundraising Director, John Nurminen Foundation
+358 (0)40 728 1859

The River Vantaanjoki gypsum project: www.johnnurmisensaatio.fi/vantaanjoki/
The River Vantaanjoki Gypsum Project is implemented by the John Nurminen Foundation, the Water Protection Association of the River Vantaa and the Helsinki Region, the University of Helsinki, and the Finnish Environment Institute. The project is funded by the Foundation’s individual supporters and the Ministry of the Environment, as part of the measures presented in Finland’s water and marine resource management plans and in the Ministry’s Key Project, ‘Breakthrough to a circular economy and adoption of clean solutions’.

Further information on corporate cooperation with the John Nurminen Foundation