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15 posts found.

Selected Category: Sustainable forestry

First investors in African Forestry Impact Platform announced

New Forests, British International Investment (BII), Norfund and Finnfund, have signed subscription agreements for their investment in a dedicated African fund, the African Forestry Impact Platform (AFIP), for US$200 million, and announced AFIP’s first acquisition, Green Resources, East Africa’s largest forest development and wood processing company. This follows an announcement at COP26 around an intention […]

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Sampsa Auvinen: Crisis is reshaping the global plywood market

Sampsa Auvinen

Can this be true? A modern factory producing high-quality FSC-certified plywood in Ghana? When I showed European buyers at the Dubai Woodshow exhibition in March pictures of the factory in Ghana, many found them hard to believe. Preconceptions are hard to break. I myself believe that this is just the beginning. The war in Ukraine […]

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CDC Group, Finnfund, Norfund propose innovative partnership with New Forests with an ambition to raise $500m for sustainable forestry across sub-Saharan Africa

CDC Group (“CDC”), the UK’s development finance institution; Finnfund, the Finnish Fund for Industrial Cooperation; Norfund, the Norwegian Government’s investment fund for developing countries; and New Forests, a global investment manager focusing on sustainable landscapes, have today announced an intention to partner to develop investment strategies designed to scale and transform the sustainable forestry sector […]

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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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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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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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Support to smallholder tree farming relieves the pressure on natural forests in Africa

Anne Arvola

On my last two trips to Eastern Africa before the travel restrictions I felt my throat choking and a grip in my stomach when looking at the scenery below from the airplane. It was not because of the turbulence but the anxiety about the shrinking, degraded forest patches and the smoke coming from the fires […]

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Woodland or forest?

Ilkka Norjamäki

Monoculture and plantation are terms that often are used when it comes to planting commercial forests. Indeed, planted forests are typically such of one or more species whose main purpose is to efficiently produce the raw material needed by the forest industry. Criticism towards planted forests is often related to issues of poor biodiversity, water […]

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Planting seedlings is only the first stage of growing a forest

Juho Uusihakala

The UN Climate Panel IPCC publishes tomorrow its highly anticipated report on the impacts of land use on the climate. Based on the panel’s previous reports, it should come as no surprise if the panel demands more efficient forest conservation and increment of forest area in this new report. These demands are nothing new, but […]

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Seminar: Sustainable development and climate action from African forests

How are the forests in Africa doing? What are the most cost-effective climate actions and can deforestation be slowed down? Is there demand for sustainably produced wood? Why is it so difficult to get private funding? What could the EU do? Forests, food production and climate change are closely linked to one another, professor Markku […]

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