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.
MuniFin will start listing bonds issued under its MTN programme on the Nasdaq Helsinki Stock Exchange.
On 7 March 2019 MuniFin published its Annual Report 2018. At the same time the company published its second responsibility report and a separate green bonds impact report.
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.