- Economic downturn in Finland and the euro area, impacting investments and consumption.
- Decline in investments and consumption due to rising interest rates.
- Deterioration of risk indicators in domestic financing, including increased payment difficulties and bankruptcies.
- Increased credit risk indicators for domestic financing.
Finnvera plc
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Finnvera plc disclosed greenhouse gas emissions of 5.8 Mt CO2e (2022: 9.0 Mt CO2e). By scope: Scope 1: 549 t CO2e (2022: 637 t CO2e). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
5.8 Mt CO2e (2022: 9.0 Mt CO2e)
2023
Renewable Energy
38% (36%) of export exposures related to energy production
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 549 t CO2e (2022: 637 t CO2e) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 5.8 Mt CO2e (2022: 9.0 Mt CO2e) |
| 2022 | 9 Mt CO2e (financed projects) + 637 t CO2e (own operations) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Developed sector-specific criteria for export projects to identify climate-positive features and launched financing incentives for such projects.
- Introduced Climate and Environmental Loan and Digitalisation and Innovation Loan in domestic financing to accelerate the green transition.
- Emissions from Finnvera's own operations decreased considerably after the lessor switched to renewable energy use.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Publish climate target, criteria, and incentives.
📅 Medium-term
- Define an emission reduction pathway to 2050 and start to measure performance with a CO2/EUR indicator against the 1.5-degree pathway.
🔭 Long-term
- Measures that promote the Paris Climate Agreement goal of limiting global warming to 1.5 degrees.
🌱 ESG Focus Areas
Climate changeCommunities (added value for society generated by financing operations)Environment (biodiversity and pollution)