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23 posts found.

Selected Category: Climate

Learning to understand (and manage) climate risks

Seela Sinisalo

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 […]

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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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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New open-access FRESCOS Tool launched for accounting the carbon sequestration in forestry projects

Four European development finance institutions (DFI) – CDC Group (UK), Finnfund (Finland), FMO (Netherlands), and Swedfund (Sweden) – together with Simosol, an IT company, have today launched the FRESCOS Tool, a web-based, open-access tool to account for the carbon sequestration of afforestation and reforestation projects. The overall goal of the FRESCOS Tool is to better […]

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Thoughts left by 2020, part 1: Global thinking becomes more relevant after the pandemic

Harold Gordillo

The year 2020 not only marked our lives forever, but it also made us think about our current living habits and how sustainable is our life on this planet. More than a year ago, back in February 2020, I was not aware that my last “in person” monitoring mission for 2020 was taking place at that precise moment.  I was leaving […]

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Finnfund first development financier to report carbon net-negative investment portfolio

Finnish development financier and impact investor Finnfund today released data showing that its total investment portfolio has a net negative carbon balance. The figures for 2019 indicate that Finnfund’s investments removed 134,679 tCO2e more than they emitted. In 2019, Finnfund’s investment portfolio was EUR 617 million. “I am extremely proud that we have been able to […]

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