Finnfund Sustainability Profile
Finnfund, officially known as the Finnish Fund for Industrial Cooperation Ltd, is a prominent development finance institution headquartered in Finland (FI). Established in 1980, Finnfund focuses on sustainable investments in developing countries, primarily across Africa, Asia, and Latin America. The organisation plays a vital role in promoting private sector growth by providing long-term financing and expertise to businesses in sectors such as renewable energy, infrastructure, and agriculture. With a commitment to responsible investment, Finnfund offers a range of financial products, including equity investments, loans, and guarantees, tailored to meet the unique needs of its partners. The institution is recognised for its strong market position, having successfully supported numerous projects that contribute to economic development and environmental sustainability. Finnfund's dedication to fostering impactful investments sets it apart in the development finance landscape.
DitchCarbon Score
How does Finnfund's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Finnfund's score of 30 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Finnfund's reported carbon emissions
In 2022, Finnfund reported total carbon emissions of approximately -185 million kg CO2e, indicating a net removal of carbon. The breakdown of emissions includes Scope 1 emissions at approximately 12 million kg CO2e, Scope 2 emissions at about 48 million kg CO2e, and Scope 3 emissions at around 87 million kg CO2e. This data reflects a significant commitment to carbon neutrality, as evidenced by the negative total emissions figure. In 2021, Finnfund's total emissions were approximately 116.4 million kg CO2e, with Scope 1 emissions at about 40.8 million kg CO2e, Scope 2 emissions at approximately 8.8 million kg CO2e, and Scope 3 emissions at around 66.8 million kg CO2e. The emissions data for 2020 showed a total of approximately 134.7 million kg CO2e, with Scope 1 emissions at about 135.7 million kg CO2e, Scope 2 emissions at approximately 11.8 million kg CO2e, and Scope 3 emissions at around 91.3 million kg CO2e. Despite the absence of specific reduction targets or initiatives, Finnfund's overall emissions trajectory suggests a proactive approach to climate commitments. The organisation does not currently have any cascaded emissions data from a parent company, indicating that all reported figures are independently sourced. Finnfund's climate strategy appears to focus on achieving net-zero emissions, as demonstrated by their negative total emissions in 2022. This aligns with industry standards for climate action and reflects a commitment to sustainability and environmental responsibility.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 135,693,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 11,754,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 91,347,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Finnfund's Industry?
How Carbon Intensive is Finnfund's Location?
Finnfund's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Finnfund has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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