Finnfund updated its strategy

Finnfund’s Board of Directors has approved a new strategy for the company, setting operational guidelines until 2025.

Finnfund’s mission is to build a better world by investing in responsible and profitable businesses in developing countries. The company’s vision is to be, by 2025, a valued partner and frontrunner in impact among European development finance institutions.

Finnfund puts special emphasis on sectors that are critical to sustainable development, namely clean energy, sustainable forestry, sustainable agriculture, and the financial sector. The company can finance also other sectors, provided the projects generate strong development impact.

Climate change, youth unemployment and other global challenges call for urgent private investments. The UN estimates that developing countries will need up to USD 2,500 billion in investments annually to meet the sustainable development goals.

Finnfund and its professional partners help make those investments happen in a responsible, impactful and profitable manner.

Finnfund’s strategy highlights four areas:

  1. Delivering, analysing and communicating the development outcomes of Finnfund’s projects.
  2. Doubling the operational volume and directing funds to responsible, effective and profitable projects.
  3. Mobilising additional funding and convincing private investors of Finnfund’s capacity to manage funds.
  4. Improving policies and procedures while respecting the work of colleagues and stakeholders.
  5. All Finnfund activities are guided by a set of four principles: Impact, responsibility, profitability and professionalism.

In the strategy process we have taken into account the growing need for development finance, stewardship by our state owner, growing demands on corporate responsibility and Finnfund’s comparative advantages in key sectors.

Read the whole strategy:

Finnfund strategy 2018-2025 (pdf)

 

Categories:

News2018

Finnfund’s Kuutti Kilpeläinen: “Fibre networks are the best way to bridge the digital divide and invest with impact in emerging markets”

A major investment theme for next year: fibre networks. According to Kilpeläinen, fibre networks…

Finland and the EU launch major programme targeting to mobilise up to 2 billion euros for projects that advance digitalisation in Africa, Asia and Latin America

Finnfund, a Finnish impact investor, is joining forces with the European Union to launch…

Finnfund and OeEB invest in CRDB Bank Burundi to support financial inclusion

Finnfund, the Finnish development financier and impact investor, and OeEB, the Development Bank of…

Merja Rissanen returns to Finnfund as Chief People Officer: “Culture does not emerge on its own”

Merja Rissanen has been appointed as Chief People Officer at Finnfund and joins the…
Lots of traffic in the streets of Lagos in Nigeria

Finnfund’s economist Tangeni Shatiwa: “Investor confidence in Nigeria got a boost”

The current government of Nigeria has implemented a series of bold policy reforms to…
Poa staff member talking to a person in a street

Finnfund closed a 4 million US dollar debt investment with Kenyan Poa Internet to expand affordable broadband

Finnfund closed a 4 million US dollar debt investment with Poa Internet Kenya Ltd.…
Three teletowers

Finnfund announces successful first closing of Finnfund Digital Access Impact Fund I LP

Finnfund, a Finnish development financier and impact investor, announces the first closing of Finnfund…

Notice of voluntary total redemption of notes due 24 October 2025

Finnish Fund for Industrial Cooperation Ltd (Finnfund) as the Issuer hereby gives notice to…

Wave raises EUR 117 million to accelerate financial inclusion across the African continent

Wave Mobile Money, Africa’s fastest-growing mobile money platform, has raised EUR 117 million in…