Finnish Export Credit Ltd Sustainability Profile
Finnish Export Credit Ltd, commonly referred to as FEC, is a prominent player in the export credit agency sector, headquartered in Finland (FI). Established in 1994, the company has significantly contributed to the growth of Finnish exports by providing tailored financial solutions and risk mitigation services. FEC operates primarily in Europe and Asia, supporting Finnish businesses in various industries, including technology, manufacturing, and renewable energy. The core offerings of Finnish Export Credit Ltd include export credit guarantees and financing solutions, designed to enhance the competitiveness of Finnish exporters in global markets. What sets FEC apart is its commitment to sustainable development, aligning financial support with environmentally responsible practices. With a strong market position, FEC has facilitated numerous successful export transactions, reinforcing its reputation as a trusted partner for Finnish companies seeking to expand internationally.
DitchCarbon Score
How does Finnish Export Credit Ltd'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
Finnish Export Credit Ltd's score of 34 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Finnish Export Credit Ltd, headquartered in Finland (FI), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Finnvera plc, which may influence its climate commitments and performance metrics. As of now, Finnish Export Credit Ltd has not established any documented reduction targets or climate pledges. This lack of specific initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the absence of direct emissions data, it is essential to consider the broader context of the industry and the potential for future commitments. The company may benefit from aligning with industry standards and frameworks, such as the Science Based Targets initiative (SBTi), to enhance its climate action efforts. In summary, while Finnish Export Credit Ltd does not currently report emissions or specific climate commitments, its affiliation with Finnvera plc may provide a pathway for future sustainability initiatives and emissions reduction strategies.
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| 2017 | 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 154,000 | 000,000 | - | - | - |
| Scope 2 | 230,000 | 000,000 | - | - | - |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Finnish Export Credit Ltd's Industry?
How Carbon Intensive is Finnish Export Credit Ltd's Location?
Finnish Export Credit Ltd's Scope 3 Categories Breakdown
Finnish Export Credit Ltd's Scope 3 emissions, which decreased by 15% last year and decreased by approximately 46% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Investments" being the largest emissions source at 184% of Scope 3 emissions.
Top Scope 3 Categories
Finnish Export Credit Ltd'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.
Finnish Export Credit Ltd 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.
