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 34 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Finnvera's reported carbon emissions
In 2023, Finnvera reported total carbon emissions of approximately 4,099,621,000 kg CO2e, with significant contributions from Scope 3 emissions, which totalled about 4,884,505,000 kg CO2e. The previous year, 2022, saw Scope 3 emissions at approximately 5,832,915,000 kg CO2e, indicating a potential reduction trend. In 2021, Finnvera's emissions were significantly lower, with total emissions of about 637,110 kg CO2e, comprising 80,170 kg CO2e from Scope 1, 359,360 kg CO2e from Scope 2, and 197,580 kg CO2e from Scope 3. Despite these figures, Finnvera has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The organisation's emissions data is not cascaded from a parent company, and all reported figures are directly from Finnvera plc. Overall, while Finnvera's emissions data reflects a substantial carbon footprint, the lack of formal climate commitments or reduction strategies suggests an area for potential improvement in their sustainability efforts.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 80,170 | - | - |
| Scope 2 | 359,360 | - | - |
| Scope 3 | 197,580 | 0,000,000,000 | 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 participating in any of the initiatives that 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.
