Economic Outlook and ESG Strategy of Finnvera
ESG Strategy
Climate change mitigation in Finnvera's operations
Encouragement
We help our customers seize the opportunities
created by climate change action by financing
growth, exports and investments.
-Backed by the InvestEU guarantee programme,
we provide loans for SMEs' digitalisation and
climate projects
Our aim is to increase the share of
climate-friendly projects
Measurement and reporting
We set goals for as well as measure and report on
the climate impacts of the projects we finance and
our own operations.
- We report on emissions relating to our ship
liabilities according to the Poseidon Principles
- We calculate the direct and indirect CO₂
emissions from our operations
- We will set a target for reducing our
climate impacts
Risk management
We are integrating climate change risks into our
key financing decisions and risk management.
- We will add an ESG element to the risk
classification model of the projects to
be financed
Restrictions
Our sectoral policies exclude the most harmful
projects for the climate.
- Coal-fired power plants and peat projects abroad
are not eligible for Finnvera's financing
Our export credit guarantees for the oil and
gas sectors are restricted
Influencing
We influence the regulatory framework of
export financing.
- We influence and participate actively in OECD
Arrangements negotiations
- We exert influence and act as part of the
E3F Coalition
Competence
Corporate responsibility is one of our
strategic competences.
- We will build up our competence related to
corporate responsibility by means of training
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