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 32 is higher 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 185,000,000 kg CO2e, with emissions distributed across various scopes: 12,000,000 kg CO2e (Scope 1), 48,000,000 kg CO2e (Scope 2), and 87,000,000 kg CO2e (Scope 3). This marked a significant increase from 2021, when total emissions were about 116,382,000 kg CO2e, comprising 40,821,000 kg CO2e (Scope 1), 8,801,000 kg CO2e (Scope 2), and 66,760,000 kg CO2e (Scope 3). Finnfund has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The organisation's emissions data is not cascaded from a parent company, ensuring that the reported figures are solely reflective of its own operations. The emissions data highlights the importance of addressing Scope 3 emissions, which represent the largest portion of Finnfund's carbon footprint. As the organisation continues to evaluate its climate impact, it remains crucial for Finnfund to establish clear reduction strategies to mitigate its environmental footprint effectively.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - | - | - | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | - | 0,000,000 | 00,000,000 |
| Scope 3 | 252,300 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000 | 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.
