MuniFin has published its inaugural Responsibility report. At the same time MuniFin also published a separate Green bonds impact report for 2017.
Since the lending offered by MuniFin has wide direct and indirect impacts on society, responsibility has been broadly integrated in the company’s strategy. In 2017 MuniFin defined the key principles of responsibility, which have worked as a basis for the Responsibility report. Responsibility at MuniFin is based on four principles: responsible products and services, forerunner in sustainability, improving wellbeing at work and strong corporate governance.
For each key principle, MuniFin has defined indicators and goals, which are monitored annually. MuniFin promotes the achievement of almost all sustainable development goals (SDGs) set by the United Nations.
At the beginning of 2016, MuniFin launched green finance to its customers, a financial product that enables customers’ projects that support sustainable development and climate goals in Finland. During 2017, 25 projects amounting to almost EUR 600 million were added to the green portfolio. The total value of the green portfolio grew to over EUR 1 billion in the end of 2017. The estimated direct annual greenhouse gas emissions avoided for projects approved in 2017 totals approximately 19,400 tons of CO2.
– During the past years we have noticed that the demand for responsible investments is growing fast. We hope that these reports give a new and transparent picture of our responsible operations and commitment in achieving the domestic climate goals, says Esa Kallio, President and CEO at MuniFin.
Esa Kallio, President and CEO, MuniFin, tel. +348 50 337 7953, esa.kallio(at)munifin.fi
Antti Kontio, Head of Corporate Responsibility, MuniFin, tel. +358 50 370 0285, antti.kontio(at)munifin.fi