Developing the Finnish welfare state was the purpose for the establishing of Municipality Finance in 1989. MuniFin is the only financial institution in Finland specialised in the financing of the municipal sector and non-profit housing sector.
CICERO and Stockholm Environment Institute (SEI) have revised the Second Opinion of MuniFin’s Green Bond Framework. The revision follows a slight amendment in the framework, streamlining the selection criteria for sustainable buildings.
In 2019 MuniFin forecasts to issue approximately EUR 7.1 billion of long-term funding. This amount is based on the redemption profile of existing funding, forecast net growth in customer finance as well as the overall liquidity purposes of the company.
Action-focused dialogue between industry and public sector experts is needed to implement the EU strategy for sustainable finance in the Baltic-Nordic region.
Environmental Director Saara Vauramo, PhD believes that a black-and-white approach is never the right one. Not even when it comes to the environment.
Responsible investing is a worldwide phenomenon that is growing at a pace that is hard to fathom. The market is worth hundreds of billions – and soon trillions – of euros, writes Antti Kontio in the MuniFin blog.
In the city of Joensuu, new schools and nurseries are being built with ecological principles and green technology. The new policy has already proven effective in reducing the city’s substantial maintenance backlog and improving user experience. According to the City of Joensuu’s Head of Facilities Management Timo Korhonen, there is no going back to the old approach to construction.
MuniFin and its green finance customers had the honour of ringing the bell as Nasdaq Helsinki launched its Sustainable Bonds Market on May 31, 2018. MuniFin is the first issuer of the new market segment as it dual lists its two green bonds in Helsinki.
Environmental Finance revealed the winners of the annual Green Bond Awards on March 28. MuniFin was the winner in two categories with its EUR 500 million green bond issued last September.