Finnfund
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 13 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Finnfund's reported carbon emissions
In 2023, Finnfund reported total carbon emissions of approximately 87,000,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 12,000,000 kg CO2e, while Scope 2 emissions accounted for approximately 48,000,000 kg CO2e. Scope 3 emissions also totalled around 87,000,000 kg CO2e. Comparatively, in 2022, Finnfund's total emissions were the same at about 87,000,000 kg CO2e, indicating a stable emissions profile year-on-year. In 2021, total emissions were higher at approximately 116,382,000 kg CO2e, with Scope 1 emissions at about 40,821,000 kg CO2e and Scope 2 at around 8,801,000 kg CO2e. The significant drop in emissions from 2021 to 2022 reflects a positive trend towards reducing their carbon footprint. Despite these figures, Finnfund has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of formal commitments suggests that while emissions data is available, further clarity on their long-term climate strategy and reduction goals would be beneficial for stakeholders.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 135,693,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 11,754,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 91,347,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Finnfund is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
