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 32 is higher than 57% 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 2024, Finnfund reported total carbon emissions of approximately 842,000 kg CO2e. This figure follows a significant increase in 2023, where emissions reached about 175,000,000 kg CO2e, comprising 15,000,000 kg CO2e from Scope 1, 132,000,000 kg CO2e from Scope 2, and 175,000,000 kg CO2e from Scope 3 emissions. In 2022, Finnfund's emissions were detailed as follows: Scope 1 emissions totalled 460 kg CO2e from mobile combustion, while Scope 2 emissions from purchased heat were about 147,270 kg CO2e. Scope 3 emissions included various categories, with the highest being 1,490,170 kg CO2e from purchased goods and services, and 288,760 kg CO2e from business travel. The organisation has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. Finnfund's emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of its own operations. Overall, Finnfund's emissions profile highlights the need for ongoing assessment and potential strategies to address its carbon footprint in alignment with global climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 135,693,000 | 00,000,000 | 000 | 00,000,000 |
| Scope 2 | 11,754,000 | 0,000,000 | 000,000 | 000,000,000 |
| Scope 3 | 91,347,000 | 00,000,000 | 0,000,000 | 000,000,000 |
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 participating in any of the initiatives that 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.
