Sustainability

Environmentally, socially, and economically sustainable business practices are a prerequisite for positive impact.

Sustainable, responsible business practices add value to investments and contribute to generating a positive impact. They play a key role in the risk management of each project and in ensuring that the “do no harm” principle is respected in our investments, as it helps to anticipate unexpected risks and impacts, enhances cooperation with stakeholders, and strengthens the social licence to operate.

Simultaneously, responsible and environmentally, socially, and economically sustainable business practices can improve the operational and financial performance of a company, enhance employee wellbeing and commitment, and bring a competitive advantage.

Impact creation in Finnfund’s investment process.

When financing private companies, financial profitability is key to creating an impact. If a company fails to keep its business running, it will not achieve the desired impact. Therefore, the viability of the business model is another prerequisite for Finnfund’s investment. Therefore, we have three criteria for every investment: positive impact, sustainability, and profitability. All these aspects also play an integral role in our investment process.

Most of our investee companies also have community development projects alongside their core business activities. This is particularly typical of businesses operating in remote rural areas where public services are weak.

What the company does – and how it works…

  • Economic sustainability – profitability, responsible tax
  • Environmental and social sustainability – responsible business practices and risk management
  • Corporate governance – how the company is managed
  • Know-your-customer – we want to know the people we work with

… generates posive impacts

  • Direct effects such as good jobs, training, better infrastructure, financial services, clean energy
  • Indirect effects such as local purchases of products and services in supply and distribution chains
  • Positive impact in wider society, such as taxes, poverty reduction, climate change mitigation and adaptation

Leverage and impact through cooperation

Together with like-minded investors, such as the other members of the Association of European Development Finance Institutions (EDFI), Finnfund builds leverage and maximises impact and sustainability in its investments.

Finnfund has endorsed the EDFI Principles for Responsible Financing of Sustainable Development and the Operating Principles for Impact Management (OPIM). We have aligned our practices and investee requirements with the jointly agreed harmonised minimum environmental and social requirements applicable to EDFI co-investments, including the Exclusion list.

News

Finnfund’s Economist Tangeni Shatiwa: A weaker dollar is steering global investors toward emerging markets

International investors are now allocating funds to emerging market (EM) assets at the fastest…
Hanna Loikkanen Chief Investment Officer Finnfund

Finnfund’s Hanna Loikkanen: Impact investing captivates private investors

The allure of impact investing among private investors is surging, with an increasing number…

Finnfund expands support for digital infrastructure and climate action in South Sudan with follow-on investment in CREI

Finnfund, the Finnish development financier and impact investor, makes a follow-on investment in Communication…

Finnfund’s Uusihakala: “Fixed broadband is the key to tackling poverty in developing countries”

The three digital divides The Coverage Gap refers to people living in areas without…

Finnfund strengthens support to women entrepreneurs in Pakistan through Kashf Foundation

Finnfund has announced a follow-on loan of 10 million US dollars to Kashf Foundation…

Finnfund’s Jussi Tourunen: “Energy solutions impact our planet’s future—Planetary boundaries now guide investment decisions”

Investing in energy has become an increasingly central theme for development finance institutions such…
softlogic life logo

Softlogic Life sets up growth roadmap with long-term capital from OP Finnfund Global Impact Fund I and Norfund

Softlogic Life Insurance PLC, Sri Lanka’s leading life insurer, has secured a landmark 15…

Finnfund announces new investment in Indian green financing

Finnfund has announced a 12 million US dollars senior secured loan facility to Mufin…
Propel Trucks Transvolt

Finnfund invests in Transvolt Mobility to support the electrification of heavy commercial vehicles in India

Finnfund, the Finnish development financier and impact investor, announces a 15 million US dollar…

From connection to opportunity: Why investing in digital infrastructure matters

Access to affordable, high-speed internet is no longer a luxury but a prerequisite for…

Reports and publications

Finnfund Insights: Focus on Nigeria

Nigeria is Africa’s second-largest economy (in purchasing power parity terms) and is the 15th-largest…

Finnfund Insights: Focus on Kenya

About the report Kenya is the largest economy in East Africa and the fourth…

Finnfund Insights: Focus on Vietnam

About the report Vietnam is one of the fastest-growing economies in Southeast Asia and…
Two persons picking flowers in the field

Review paper: Smallholder integration into commercial value chains through agricultural traders and local food security

Background This study, contracted by Finnfund and conducted by E2 Research, aims at describing…
Photo of the report "A way to recovery"

A way to recovery: Trends and analysis on the impacts of the COVID-19 on markets and businesses in developing countries

The COVID-19 pandemic has been an unprecedented shock to the world economy. Businesses in…