Impact
Estonia is a great champion of freedom today, and we want it to remain so a century from now. We also hope that our well-educated, enterprising compatriots will keep making a positive impact on the world far into the future. Our non-profit platform, Skaala Impact, is meant to help this along. It unites all our social-impact investments, grants, and donations.
Our aim is to support Estonian society based on our values, helping the country become more resilient, competitive, and a better place to live.
❋ We’ve been actively investing in social initiatives since 2018. In the early days, we did this either as private individuals or used various vehicles. Since 2022, these efforts have continued under Skaala Impact.
Approach
We treat our impact initiatives as investments, not passive donations. The rigor and decision-making processes that guide our profit-oriented investments are also at work in our social ventures.
We don’t expect every initiative to turn a profit. But we do expect them to create a measurable impact, attract other partners, and have a strong team.
We think long-term, with a focus on creating positive change over a ten-year horizon. We typically make decisions 2-3 years in advance – longer partnerships lead to better outcomes.
Investments
In 2023, we made 22 impact-investment decisions, amounting to €2.6 million. Of this, €1.4 million supported education and youth mental-health projects. Since 2022, Skaala Impact has committed €5.6 million to impact projects, with €2.8 million disbursed by the end of 2023.
2022 & 2023 contracts
5.6 meur
2.1
1.3
1.1
1.1
- Education and youth well-being
- Entrepreneurship
- Freedom
- Other international projects
Sectors
Education and youth mental health
We envision a modern, well-run education system in Estonia, one that supports every student and teacher. Our initiatives seek to make a difference across the entire system.
To identify the key issues where private capital can help, we worked with Praxis, a think tank. We realised that addressing youth mental health is just as crucial as educational improvements. Our focus areas include:
Challenges in Education:
- Teacher shortages and inefficient time use
- Improving the quality of school management
- Linking subject-specific teaching with educational psychology
Challenges in Mental Health:
- A need for better preventive measures
- Improving self-help skills and mental health literacy
- Ensuring equal access to support services
With these insights, we’re better equipped to find and support initiatives that address these needs.
Encouraging entrepreneurship
Estonia is a leader in building globally-ambitious startups, known for explosive growth and high-value job creation. We believe the expertise developed in tech should reach other sectors too, lifting the Estonian economy to new heights.
Protection of freedoms
We believe in maintaining an open society and strengthening its democratic foundations. To this end, we support creating and sustaining international networks that uphold these principles.
Social impact assessment criteria
Our belief in open societies extends to how we measure the impact of our work. We apply the following criteria to ensure each project aligns with our goals: