26 posts found.
Selected Category: Climate
Finnfund invests in CREI to improve mobile connections in South Sudan
South Sudan has one of the lowest rates of mobile access and connectivity in the world. Finnfund provides a 5 million US dollar mezzanine loan to Communication & Renewable Energy Infrastructure (CREI) in order to facilitate installing, operating and maintaining 413 telecom site hybrid power solutions in South Sudan. The project will contribute to a […]
Read moreJune 28, 2024
Cracking the climate risk code in credit risk management
Climate change and the transition to a low-carbon economy lead to costs for companies. They are therefore one factor determining companies’ credit or investment risk. For the financial sector, climate risk and how to handle it in credit risk analysis has been a hot topic for some years now. It is not an easy task, […]
Read moreDecember 15, 2023
Supporting alignment with the Paris Agreement through investing in carbon removals
Sustainable nature-based solutions provide a ready, proven and economically feasible solution for carbon removal, writes Marko Berglund, our Senior Impact Adviser. The growing need for carbon removals The IPCC says it loud and clear: limiting warming to 1.5°C or 2°C will require rapid, deep and immediate cuts in emissions in all sectors of the economy. […]
Read moreNovember 25, 2022
Learning to understand (and manage) climate risks
Floods, typhoons and tornados, forest fires, drought, and extreme heat. Extreme weather conditions have become part of our daily news. As the drastic effects of climate change become more evident, financiers, such as Finnfund, must learn to understand and live with the risks. Understanding the climate risks is particularly important because nearly all our portfolio […]
Read moreDecember 15, 2021
Finnfund invests in a solar panel factory in Thailand
Finnish corporation Solar Finland Ltd, a Finnish solar energy corporation, has signed an agreement to establish a joint venture in Thailand. The investment company Solar Finland Investment Ltd has agreed upon establishing a joint venture with an aim to establish a production facility for photovoltaic modules in Thailand. The joint venture, Salo Tech Thailand Ltd, […]
Read moreDecember 1, 2021
Collaborating to accelerate investment in climate adaptation and resilience
New multimillion dollar commitments and strategic collaborative actions to overcome key hurdles to private investment in climate adaptation and resilience in developing and emerging countries. The group of development finance institutions signatories and partners members to the Adaptation & Resilience Investors Collaborative (the “Collaborative”) today committed to substantially increase investments in climate adaptation and resilience […]
Read moreNovember 8, 2021
Finnfund is one of the founding members of the Forest Investor Club launched at COP26
At COP26 during the World Leaders Summit’s Forest Day session on November 2, 2021, the United States launched the Forest Investor Club. This network of leading public and private financial institutions and other investors aims to unlock and scale up investments that support sustainable, climate-aligned outcomes in the land sector. These financial institutions and Network […]
Read moreNovember 2, 2021
Nordic Impact Cooperation, owned by Finnfund and Norsk Solar, makes its first investment in Vietnam
Nordic Impact Cooperation AS (“Nordic Impact Cooperation”), owned by the Finnish Fund for Sustainable Development (“Finnfund”) and Norsk Solar AS (“Norsk Solar”, OSEBX ticker: NSOL) has made its first investment decision into a Norsk Solar-developed solar PV-project in Vietnam. Norsk Solar, a leading and fast-growing independent solar power producer, with a particular focus on the […]
Read moreAugust 20, 2021
Capturing adaptation opportunities
By Anne Arvola and Juho Uusihakala, Finnfund; Mikko Halonen, Gaia Consulting Oy; and Linda Rosengren, Natural Resources Institute Finland The article has originally been published in The catalytic effects of DFI investment – gender equality, climate action and the harmonisation of impact standards by ODI. Abstract The Intergovernmental Panel on Climate Change (IPCC) definition of climate adaptation highlights […]
Read moreAugust 13, 2021
New statement on climate and energy will guide Finnfund’s climate actions
Finnfund has adopted a new statement on climate and energy. With this statement, Finnfund expresses its commitment to the objectives of the Paris Agreement and explains what this commitment means in practice for its portfolio management, investment process and measuring of the portfolio’s carbon footprint. Finnfund strives to take the lead among development financiers in […]
Read moreJune 30, 2021