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19 posts found.

Year selected: 2018

Season’s Greetings!

All of us at Finnfund join in wishing you a happy holiday season and best wishes for a wonderful new year. This Christmas we made a donation to support WWF’s efforts to save tropical forests and the work of Women’s Bank to promote women’s entrepreneurship and income in developing countries.

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Finnfund calculated climate effects of its investment portfolio

The development financier Finnfund, has commenced to calculate the climate impact of its entire investment portfolio annually. The calculations show that Finnfund’s investments in forestry sequester more than half a million carbon dioxide equivalent tonnes (tCO2eq) in the atmosphere. With its investments in clean energy, Finnfund avoids emissions in developing countries by 64,000 tCO2eq annually. […]

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Independent assessment of Finnfund’s operations: Shifting the focus to the poorest countries succeeded without risking the development impacts and profitability

Finnfund has managed to invest more and more in the poorest countries and difficult sectors while maintaining its economic viability, states an independent evaluation commissioned by the Ministry for Foreign Affairs. “The investments that produce the most positive development effects are quite often also the most financially challenging due to their high risks. Finnfund appears […]

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Finnfund’s disclosure policy has been updated

Transparency is a key guiding principle in Finnfund’s operations. Transparent information on Finnfund’s operations is important to fulfilling its development mandate. Finnfund’s disclosure policy has been updated, aiming to make the text clearer as well as enhance disclosure, in particular, regarding companies financed through funds. The policy is effective from 1 October 2018. Finnfund’s disclosure […]

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Finnfund joins the Gender Finance Collaborative

The Collaborative, launched on 2 November, consists of 14 Development Finance Institutions and the European Investment Bank (EIB). Development finance institutions (DFIs) are playing an important role in providing capital to support gender equality, the value of women in leadership and markets and women’s economic empowerment worldwide. While each DFI is on its own journey […]

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Finnfund invites comments on the human rights statement draft

Preparing to its human rights statement, Finnfund wishes to give all those willing to comment on the first draft a chance to do so. Comments can be submitted until 14 November. Finnfund’s mission is to build a better world by investing in responsible and profitable businesses in developing countries. Finnfund holds human rights in high […]

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Wind power replaces imported oil in Cape Verde

Cabeólica wind farms in the West African island state Cape Verde cover more than 14% of the country’s current energy demand. Besides the obvious climate impact, the wind farm has generated economic growth, jobs and improved income for the benefit of Cape Verdeans. In spring 2018, Finnfund commissioned an external evaluation of the project’s impact. […]

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FinDev Canada and Finnfund sign cooperation agreement to advance the sustainable development goals

The Development Finance Institutions will seek joint engagement opportunities and collaborate on best practices to contribute to the SDGs. The Development Finance Institutions (DFIs) of Canada and Finland, FinDev Canada and Finnfund, signed a Memorandum of Understanding (MoU) to foster cooperation to advance the Sustainable Development Goals. Finnfund and FinDev Canada share a common focus […]

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Finnfund to finance a power plant to reduce the emissions from a steelworks in Bosnia Herzegovina

Finnish development financier Finnfund has committed 1,8 million euros to a power plant in the city of Zenica, in Bosnia Herzegovina. The power plant will utilize the coke and blast furnace gases from the Arcelor Mittal’s steelworks as fuel and significantly reduce the air emissions of the power production. The plant will replace an old […]

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Special risk financing instrument reintroduced

According to the Government’s ownership steering policy, the investment portfolio of the State’s development financing company Finnfund must invest in the poorest countries in particular, as well as in high-risk projects that have significant development impacts. In line with this policy, the Government has decided to reintroduce the special risk financing instrument worth EUR 75 […]

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