38 posts found.
Selected Category: Impact
Impact study highlights the transformative nature of jobs in one of the poorest counties in Kenya
Creating and supporting decent jobs is Finnfund’s key objective. A study by Niras Kenya on Socio-Economic Impact of Lake Turkana Wind Power in Marsabit highlights the transformative nature of jobs in one of the poorest counties in Kenya. The study found that with a job at the company, employees’ incomes more than doubled to nearly EUR 900 […]
Read moreMay 26, 2020
Sustainable cities need clean air – and investments to make it a reality
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 […]
Read moreMay 8, 2020
Finnfund made a record number of investment commitments in 2019
In 2019, Finnfund made a record 29 investment decisions with a total value of 237 million euros. Our investment assets grew by 13% to 557 million euros. The investments focused on high-impact projects in low income countries, particularly in Africa, which is fully in line with Finnfund’s strategic goals. At the same time, we were […]
Read moreMay 7, 2020
Finnfund’s alignment with Operating Principles for Impact Management
Finnfund was one of the first signatories to the Operating Principles for Impact Management and still is the only Finnish company among its over 90 signatories. Principle 9 requires the signatories to publicly disclose their alignment with the Principles. Finnfund is pleased to disclose its statement for public scrutiny. From impact measurement to impact management […]
Read moreApril 22, 2020
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