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FinnfundFinland
On record
This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-11-07 00:00:00
On record
This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-11-07 00:00:00
About
| Website | http://www.finnfund.fi/ |
| Headquarters |
Uudenmaankatu 16B
FI-00121 Helsinki
Finland
|
| CEO/chair |
Jaakko Kangasniemi CEO |
| Supervisor |
|
| Ownership |
Finnfund is owned by the State of Finland (93.4%), Finnvera (6.5%) and Confederation of Finnish Industries EK (0.1%). |
Finnfund (Finnish Fund for Industrial Cooperation Ltd.) is a Finnish development finance company. It provides long-term risk capital for private projects in developing countries to promote economic and social devleopment. Funding can be in the form of equity capital, mezzanine financing or long-term investment loans: always with a minority stake. Most of its finances are in manufacturing, but it also in sectors such as agribusiness, power generation, services and telecommunications.
Sustainability
Policies
Voluntary standards
Finnfund has committed itself to the following voluntary standards:
Dodgy Deals
Finnfund is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Finnfund's link to these deals.
Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Resources
Documents
Accountability
This page evaluates Finnfund's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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