MuniFin published its annual report 2019 On 4 March 2020. Responsibility report, which was previously published as a separate report, is now included in the annual report. At the same time, the company also published its green bonds impact report for 2019.
Watch the video below to see how MuniFin’s President and CEO Esa Kallio and the Head of Customer Finance Aku Dunderfelt sum up the year 2019.
New initiatives in sustainable finance
MuniFin has offered green finance for its customers since 2016. With the help of green finance the company wants to accelerate new projects supporting climate goals in Finland. By the end of 2019, 101 projects all over the country had been granted green finance and the amount of green finance disbursed totalled EUR 1.263 billion. In addition to environmental benefits, green finance enable also various social and economic impacts both locally and regionally.
– MuniFin green finance has steadily grown over four years to nearly EUR 1.5 billion. While there is no doubt that this is a significant amount, it is still too little. More trailblazers are needed to show others the way and to make the benefits of environmental investments more visible. The existing culture must be shaken across all sectors and in every investment decision, and transformed into a more environmentally sustainable model, says Rami Erkkilä, who is responsible for green finance product development at MuniFin.
In February 2020, MuniFin published its Social Bond Framework and launched social finance in the market. Social finance is targeted at investments in non-profit housing promoting equality and sense of community, as well as investments in wellbeing and education.
Soili Helminen, Manager, Communications and Corporate Social Responsibility, tel. +358 400 204 853
Eeva Toivonen, ESG Analyst, tel. +358 50 464 3073