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19 posts found.

Selected Category: Climate

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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Finnfund increases funding to Starsight, a leading C&I solar player in West Africa

Starsight, the leading Commercial and Industrial (“C&I”) solar power provider in West Africa, is delighted to announce that Finnfund and Norfund have increased their senior debt facility from 10 million USD to 20 million USD. The new funding will enable Starsight to continue to deliver its market leading energy-as-a-service hybrid solar solutions to C&I customers […]

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Climate change adaptation = investment?

Anne Arvola

Climate change adaptation in private sector financing – but how do you define adaptation and make it an investment case? Despite all the available information and commitments made for climate change mitigation, the outcomes and trends do not look very promising. Our window to remain below 1.5oC, or even 2oC global temperature increases is becoming […]

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Fortum partners with Finnfund to speed up charging infrastructure development and growth in India

To bolster growth for electric vehicles (EV) charging infrastructure in India, Fortum signed an agreement whereby Finnfund, a Finnish development financier and professional impact investor, will invest in a minority share of Fortum’s public charging point operator (CPO), Fortum Charge and Drive India Private Limited (FCDIPL). FCDIPL is a fast-growing e-mobility infrastructure provider, owning more […]

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Sustainable cities need clean air – and investments to make it a reality

Kenneth Söderling

Sustainable development goal 11 aims to make cities inclusive, safe, resilient and sustainable. It is not a matter of small scale, as more than half the world’s population lives in cities. By 2030, it is projected that 6 out of 10 people will be urban dwellers. One of the main problems in cities, is the […]

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