Mistra is a foundation and as such must comply with the Swedish Foundations Act. The relevant paragraph from the statutes states that: The aim of the foundation is to support research of strategic importance for a good living environment. The foundation shall promote the development of robust research environments of the highest international class that will have a positive impact on Sweden`s future competitiveness. The research shall play a significant role in solving major environmental problems and contribute to the development of a sustainable society. The potential for achieving industrial applications shall be realised as far as possible.