Finnvera

Finnvera's reported carbon emissions

Finnvera, a financial intermediation services provider headquartered in Finland, is committed to addressing its climate impact. For the reporting year 2024, Finnvera reported total emissions of approximately 3.7 billion kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Within this total, Scope 1 emissions were approximately 42,000 kg CO2e, and Scope 2 emissions were approximately 94,000 kg CO2e. Scope 3 emissions represented the largest portion of their reported footprint, totalling approximately 3.72 billion kg CO2e for 2024. In the preceding year, 2023, Finnvera's total emissions stood at approximately 4.88 billion kg CO2e. Scope 1 emissions were around 61,000 kg CO2e, and Scope 2 emissions were approximately 151,000 kg CO2e. The vast majority of these emissions, approximately 4.88 billion kg CO2e, were attributed to Scope 3 activities. For the reporting year 2022, total emissions were approximately 5.74 billion kg CO2e. Scope 1 emissions were around 42,000 kg CO2e, with Scope 2 emissions at approximately 153,000 kg CO2e. Scope 3 emissions for 2022 totalled approximately 5.74 billion kg CO2e. The earliest reported data, for the reporting year 2021, shows total emissions of approximately 9.04 billion kg CO2e. Scope 1 emissions were approximately 42,000 kg CO2e, and Scope 2 emissions were approximately 359,000 kg CO2e. Scope 3 emissions for 2021 were approximately 9.04 billion kg CO2e. Finnvera's Scope 3 emissions are largely dominated by its 'investments' category. For instance, in 2023, emissions from investments accounted for approximately 4.88 billion kg CO2e of their total Scope 3 emissions. Other significant Scope 3 categories include business travel, purchased goods and services, and employee commute. Finnvera has not publicly disclosed specific reduction targets or participation in initiatives such as the Science Based Targets initiative (SBTi) or the Climate Pledge. However, their sustainability reporting indicates a focus on disclosing emissions across all scopes, suggesting an awareness and effort to monitor and manage their environmental impact. The company's detailed reporting allows stakeholders to track its emissions performance year-on-year.