Physical abuse at care facility forces major investors to focus on the S in ESG

Institutional investors CVC Capital Partners, LocalTapiola, Ilmarinen and Varma have been in touch with a Finnish health care chain they own after reports that an autistic child had been mistreated at its facility emerged. AMWatch has spoken to the key investors.

Building of health care chain Mehiläinen | Photo: Lehtikuva/Reuters/Ritzau Scanpix

CVC Capital Partners, LocalTapiola, Ilmarinen and Varma have recently been pushed to consider how they monitor the S of ESG in their investments after Finland's state broadcasting company Yle reported about an case of physical abuse of an autistic child at a nursing home belonging to health care chain Mehiläinen the institutional investors jointly own.

In addition to the case of physical abuse, the Regional State Administrative Agency (Avi) of South Finland has also recently received several complaints about the same facility, which is located in the town of Hämeenlinna. Earlier this year, Avi began to monitor the facility again, and an unannounced inspection visit to the nursing home was conducted in the first week of November.

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