34 posts found.
Selected Category: Impact
Sustainable teak and cocoa plantation in Nicaragua scores top impact points
A project to expand FSC certified teak and UTZ certified cocoa plantations in the rural Siuna region of Nicaragua scores exceptionally high points in Finnfund’s development impact assessment. The high score is based on the project’s contribution to carbon capture, protection of fauna and curbing deforestation as well as the various social impacts, such as […]
Read moreJanuary 20, 2020
Finnfund’s Impact Report 2018 now available
Finnfund has published its annual Impact Report that collects the development impact of the portfolio for year 2018. The report concludes for example that Finnfund’s direct investments supported 56,000 jobs, produced 6,500 GWh clean energy, sequestrated 517,000 tons of carbon dioxide (tCO2) and produced 25 million chicken. Connecting two large wind power plants, Lake Turkana […]
Read moreOctober 29, 2019
Finnfund invests new government loan fully in gender and climate projects
The Finnish government has granted Finnfund a loan of 210 million euros from the state budget for 2018 and 2019 (read foreign ministry press release). Finnfund will invest the full amount in climate action and women’s empowerment in developing countries. “With this government loan, we can invest over 100 million euros in companies that boost […]
Read moreOctober 8, 2019
2X Challenge: G7 development finance institutions mobilize close to USD 2.5 billion to global women’s economic empowerment
One year after the launch of the 2X Challenge at the G7 Charlevoix Summit, development finance institutions (DFIs) of the G7 countries have already mobilized USD 2.47 billion in gender-smart investments. With new members having joined the challenge and a set of criteria defining what it means to invest in women, the momentum to advance […]
Read moreAugust 23, 2019
OP and Finnfund to establish Finland’s first global impact fund
OP and Finnfund will establish Finland’s first impact fund that will invest into emerging markets. The OP Finnfund Global Impact Fund I will promote the achievement of the UN Sustainable Development Goals in a measurable way while providing an attractive return for investors. As a new type of fund in the Finnish market, OP Finnfund […]
Read moreJune 13, 2019
2X Challenge group welcomes new members from the world of development finance
PRESS RELEASE Four new members have joined the founding group of seven industrialised countries committing to the “2X Challenge: Financing for Women”. The group behind the initiative, which aims to collectively mobilize $3 billion in commitments for women’s economic empowerment in developing countries, now includes the development finance institutions (DFIs) of the Netherlands (FMO), Sweden […]
Read moreMay 14, 2019
Stronger focus on investing in fragile environments
Did you know that it is estimated that more than half of the world’s poor will be living in fragile states by 2030? That is why fragile states are at the core of development financiers’ (DFIs) mission to alleviate poverty. It is an important goal for us to provide sustainable, good jobs particularly for young […]
Read moreApril 15, 2019
Finnfund’s new Gender Statement guides future investment decisions
Finnfund has adopted a statement on promoting gender equality. The document compiles the measures through which Finnfund guides its investment decisions to better promote gender equality, women’s role in the markets, and women’s economic empowerment. The promotion of the rights of women and girls is a long-term priority of Finnish development policy and one of […]
Read moreApril 2, 2019
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 […]
Read moreMarch 7, 2019
Finnfund invites comments on the draft Statement on Gender Equality
Preparing to its statement on gender equality, Finnfund wishes to give all those willing to comment on the first draft a chance to do so. Comments can be submitted until 4 February. Finnfund’s mission is to build a better world by investing in responsible and profitable businesses in developing countries. The promotion of gender equality, […]
Read moreJanuary 22, 2019