Finnvera
Finnvera plc, headquartered in Finland, is a pivotal player in the Finnish financial landscape, specialising in financing and support for small and medium-sized enterprises (SMEs) and export businesses. Established in 1999, Finnvera has evolved to become a cornerstone of the Finnish economy, providing essential services that foster growth and innovation. Operating primarily in Finland, Finnvera offers a range of unique financial products, including loans, guarantees, and venture capital, tailored to meet the diverse needs of businesses at various stages of development. The company is renowned for its commitment to enhancing the competitiveness of Finnish enterprises, particularly in international markets. With a strong market position, Finnvera has achieved notable milestones, including significant contributions to the export sector and support for sustainable business practices. Its strategic focus on fostering entrepreneurship and innovation solidifies its reputation as a trusted partner for Finnish businesses.
DitchCarbon Score
How does Finnvera'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
Finnvera's score of 30 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Finnvera's reported carbon emissions
In 2022, Finnvera reported total carbon emissions of approximately 5,833,061,000 kg CO2e. This figure includes Scope 1 emissions of about 42,000 kg CO2e, Scope 2 emissions of approximately 104,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 5,830,000,000 kg CO2e. Notably, the Scope 3 emissions encompass various categories, including business travel (275,000 kg CO2e) and capital goods (23,000 kg CO2e). In comparison, the 2021 emissions data indicated a total of about 637,110 kg CO2e, with Scope 1 emissions at approximately 80,170 kg CO2e, Scope 2 emissions at around 359,360 kg CO2e, and Scope 3 emissions at about 197,580 kg CO2e, primarily driven by business travel (19,400 kg CO2e). Despite the substantial emissions figures, Finnvera has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their strategic approach to mitigating climate impact.
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Add to project| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 80,170 | 00,000 |
| Scope 2 | 359,360 | 000,000 |
| Scope 3 | 197,580 | 0,000,000,000 |
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.
Finnvera is not committed to any reduction initiatives 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.
