BANKS DODGY DEALS CAMPAIGNS
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Jobs at BankTrack
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
International Bank Campaigners Gathering
Donate
2023-05-25 00:00:00
Philippines communities are fighting back against gas & LNG build-out in the Verde Island Passage
2023-03-17 00:00:00
Briefing: The role of financial institutions in decarbonising the steel sector
2023-03-09 00:00:00
Dutch bank ING supports controversial pipeline to import gas from authoritarian Azerbaijan
2023-02-23 00:00:00
Financial institutions need to address steelmaking’s coal addiction
2023-05-17 14:30:30
EACOP Financial Advisor SMBC is no longer involved with the project
2023-03-28 13:43:00
French bank Société Générale withdraws from Rio Grande LNG
2023-03-20 08:50:41
Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?
2023-03-14 14:59:00
New ING policy could spark bank shift away from financing oil and gas infrastructure
Connect
2023-05-03 00:00:00
A Rotten Business: How Barclays became the go-to bank for JBS, one of the world's most destructive meat corporations
2023-04-13 00:00:00
Banking on Climate Chaos 2023
2023-04-12 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 4
2023-03-29 00:00:00
BankTrack Annual Report 2022
See all publications
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Banks and Pandemics
Our projects
Tracking the NZBA
Banks and Putin's war in Ukraine
Tracking the Equator Principles
Tracking the PRBs
Banks and steel
End Coal Finance
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
BankTrack
About BankTrack Visit us Organisation Our team Our board Guiding principles Team up with us Jobs at BankTrack Our annual reports Funding and finances History BankTrack in the media Our privacy policy International Bank Campaigners Gathering Donate
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Login
Home › Banks ›
Bank
FinnfundFinland

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-11-07 13:26:10
Finnfund head offices in Helsinki. Photo: Google Earth/Streetview

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-11-07 13:26:10
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
2016-03-10 00:00:00

Human Rights in Finnfund operations

Bank policy
2016-03-10 00:00:00
2016-03-10 00:00:00

Exclusion list

Bank policy
2016-03-10 00:00:00
2014-01-01 00:00:00

Environmental and social policy

Bank policy
2014-01-01 00:00:00
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
Blog
BankTrack news BankTrack blog Partner news Partner blog

Berta Cáceres: new rules for banks could help stop defender killings

2023-01-23 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Hydroelectric Project Opposed by Berta Caceres Suspended

2017-07-10 | Tegucigalpa | Prensa Latina
Blog
BankTrack news BankTrack blog Partner news Partner blog

Controversial hydropower project that led to murder of land defender Berta Cáceres halted as funders forced to pull out

2017-07-07 | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

COPINH communicates that FMO and Finn Fund have confirmed their official exit from the murderous Agua Zarca Project

2017-07-06 | Honduras | COPINH
BankTrack news BankTrack blog Partner news Partner blog

Backers of Honduran dam opposed by murdered activist withdraw funding

International investors withdraw completely from Agua Zarca project
2017-06-04 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Civil society response on announcement European financiers to ‘seek to exit’ Agua Zarca project

2016-05-11 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

FMO and Finnfund suspend support for Agua Zarca Dam

Civil society groups demand permanent withdrawal from project
2016-03-16 | San Fransisco, the Hague | International Rivers
Blog
BankTrack news BankTrack blog Partner news Partner blog

FMO and Finnfund seek to exit Agua Zarca

2016 | BankTrack
Resources
Documents
2018-11-15 00:00:00

Letter from Meri Mononen-Matias and the Indigenous People and the Earth, Finland to Finnfund on Draft Human Rights Statement

Correspondence
2018-11-15 00:00:00 | Meri Mononen-Matias and the Indigenous People and the Earth, Finland
2017-01-31 00:00:00

Honduras: The deadliest place to defend the planet

NGO document
2017-01-31 00:00:00 | Global Witness
2016-03-10 00:00:00

Human Rights in Finnfund operations

Bank policy
2016-03-10 00:00:00
2016-03-10 00:00:00

Exclusion list

Bank policy
2016-03-10 00:00:00
2015-05-05 00:00:00

Annual Report 2014

Annual report
2015-05-05 00:00:00
2015-04-28 00:00:00

Corporate Social Responsibility Report 2014

Annual report
2015-04-28 00:00:00
2014-01-01 00:00:00

Environmental and social policy

Bank policy
2014-01-01 00:00:00
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

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 200

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 200
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 332
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once


Average

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 209

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 209
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 332
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN%
NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 217

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 217
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 332
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 220

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 220
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 332
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 223

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 223
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 332
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN
Send feedback on this profile
Sections
Banks Policies Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature Banks and Pandemics
Our projects
Tracking the NZBA Banks and Putin's war in Ukraine Tracking the Equator Principles Tracking the PRBs Banks and steel End Coal Finance Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
BankTrack
About BankTrack Visit us Organisation Our team Our board Guiding principles Team up with us Jobs at BankTrack Our annual reports Funding and finances History BankTrack in the media Our privacy policy International Bank Campaigners Gathering Donate
Successes Contact BankTrack
Vismarkt 15
6511 VJ Nijmegen
The Netherlands
Tel: +31 24 324 9220
Contact@banktrack.org
Donate Mailing list Facebook Twitter
©2022 BankTrack
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted