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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 29 is lower than 50% 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 from Scope 1, 48,000,000 kg CO2e from Scope 2, and 87,000,000 kg CO2e from Scope 3. This marked a significant reduction from 2021, where total emissions were about 116,382,000 kg CO2e. The breakdown for 2021 included 40,821,000 kg CO2e from Scope 1, 8,801,000 kg CO2e from Scope 2, and 66,760,000 kg CO2e from Scope 3. Finnfund has not disclosed specific reduction targets or initiatives as part of their climate commitments, nor do they appear to have cascaded data from any parent organisation. Their emissions data is sourced directly from the Finnish Fund for Industrial Cooperation Ltd., with no additional climate pledges or SBTi targets reported. Overall, Finnfund's emissions strategy reflects a commitment to transparency, although further details on reduction initiatives and future targets would enhance their climate action profile.
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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 |
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.
