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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.
0 vs industry average
Finnvera’s score of 37 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Finnvera, a financial intermediation services company based in Finland, reported approximately 3.7 billion kg CO2e in total greenhouse gas emissions for 2024. Their Scope 2 market-based emissions were 94,000 kg CO2e, while Scope 3 emissions amounted to around 3.72 billion kg CO2e, primarily driven by investments (approximately 3.72 billion kg CO2e).
In 2023, Finnvera's total emissions were about 4.88 billion kg CO2e, with Scope 2 market-based emissions at 151,000 kg CO2e and Scope 3 at roughly 4.88 billion kg CO2e, with investments representing the majority at around 4.88 billion kg CO2e. This indicates a decrease in total emissions from 2023 to 2024.
Looking further back, in 2022, total emissions stood at approximately 5.74 billion kg CO2e, with Scope 2 market-based emissions at 153,000 kg CO2e and Scope 3 at around 5.74 billion kg CO2e. In 2021, total emissions were about 9.04 billion kg CO2e, including 359,000 kg CO2e from Scope 2 and roughly 9.04 billion kg CO2e from Scope 3, largely from investments.
Finnvera has not disclosed specific CO2e reduction targets, nor does it have any Science Based Targets initiative (SBTi) commitments or a Climate Pledge. The company’s emissions data is self-reported, with no cascading from a parent organisation.
No climate goals have been disclosed for Finnvera yet.
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