Finnvera plc, headquartered in Finland, is a leading provider of financial intermediation services, excluding insurance and pension funding. Established in 1998, Finnvera has played a pivotal role in supporting Finnish businesses through various financial solutions, including loans, guarantees, and venture capital. With a strong focus on fostering entrepreneurship and innovation, the company operates primarily across Finland, catering to small and medium-sized enterprises (SMEs) and larger corporations alike.
Finnvera's unique offerings include tailored financing solutions that address the specific needs of businesses at different stages of growth. The company is renowned for its commitment to enhancing the competitiveness of Finnish firms in both domestic and international markets. Notable achievements include significant contributions to the Finnish economy and a robust market position as a trusted partner for businesses seeking financial support.
+10 vs industry average
Finnvera’s score of 47 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Finnvera's reported carbon emissions
Finnvera, a financial intermediation services provider (excluding insurance and pension funding) based in Finland (FI), has disclosed its carbon emissions for recent years, offering insights into its climate impact.
For 2024, Finnvera reported total greenhouse gas emissions of approximately 3.7 billion kg CO2e. This includes Scope 1 emissions amounting to about 42,000 kg CO2e, Scope 2 emissions of approximately 94,000 kg CO2e (market-based), and substantial Scope 3 emissions totalling roughly 3.72 billion kg CO2e. Scope 3 emissions were detailed across several categories, with purchased goods and services accounting for approximately 269,000 kg CO2e, business travel at about 930,000 kg CO2e, and capital goods at approximately 99,000 kg CO2e.
In 2023, Finnvera's total emissions were around 4.88 billion kg CO2e. Scope 1 emissions were approximately 61,000 kg CO2e, and Scope 2 emissions were about 151,000 kg CO2e (market-based). The vast majority of emissions, around 4.88 billion kg CO2e, were categorised under Scope 3. Within Scope 3, investments represented a significant portion, estimated at approximately 4.88 billion kg CO2e. Other Scope 3 categories for 2023 included purchased goods and services (about 276,000 kg CO2e) and business travel (around 674,000 kg CO2e).
The company's emissions in 2022 totalled approximately 5.74 billion kg CO2e. This comprised Scope 1 emissions of about 42,000 kg CO2e and Scope 2 emissions of around 153,000 kg CO2e (market-based). Scope 3 emissions were reported at approximately 5.74 billion kg CO2e, with investments being the largest contributor at about 5.74 billion kg CO2e. Business travel accounted for approximately 275,000 kg CO2e in Scope 3 for that year.
For 2021, Finnvera reported total emissions of approximately 9.04 billion kg CO2e. Scope 1 emissions were around 42,000 kg CO2e, and Scope 2 emissions were approximately 359,000 kg CO2e. Scope 3 emissions constituted the bulk of the total, at about 9.04 billion kg CO2e, with investments being the primary driver at approximately 9.04 billion kg CO2e.
Finnvera does not currently have public information regarding specific reduction targets or initiatives. As a financial intermediary, a significant portion of its reported emissions often stems from its investment portfolio and financing activities.
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Finnvera’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Finnvera yet.
Scope 3 top emissions categories
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