- Economic downturn in Finland and the euro area, impacting investments and consumption.
- Decline in investments due to high 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). 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 Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 5.8 Mt CO2e (2022: 9.0 Mt CO2e) |
| 2022-2023 | 860.8K kg CO2-e (location-based); 535837 kg CO2-e (market-based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Defined a climate target for operations to promote the Paris Agreement's 1.5-degree goal.
- Developed sector-specific criteria for identifying climate-positive export projects and launched financing incentives for them.
- Introduced Climate and Environmental Loan and Digitalisation and Innovation Loan to accelerate the green transition in domestic financing.
- Reduced emissions from financing operations by 35% compared to the previous year's report.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Publish climate target, criteria, and incentives.
📅 Medium-term
- Define an emission reduction pathway to 2050 and start measuring performance with a CO2/EUR indicator.
🔭 Long-term
- Measures that promote the Paris Climate Agreement goal of limiting global warming to 1.5 degrees.
🌱 ESG Focus Areas
Climate changeCommunity impactEnvironment