Environment
Climate

MuniFin – Green Bonds

MuniFin Green Bonds are used to finance green investments in the Finnish municipal and social housing sector. They promote the achievement of Finland’s climate targets by offering green finance for investments that have positive effects on the environment.

Size of portfolio (Millions of €)
1 400
Total impact 1 400 See all »
Size of portfolio (Millions of €)
1 400
Total impact 1 400 See all »
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Chief Impact Builder at Solved - The Cleantech Company
Eetu Helminen
Impact
Excitement
Replicability
About Eetu
I’m an enthusiastic, goal-driven, experienced, and inspiring change leader as well as an impact builder and communication professional. I have been leading and played major parts in many sustainability business concepts, design processes, and impact projects. I have been building tools for scaling up impact and business for the past decade at Solved, Helsinki Metropolitan Smart & Clean Foundation, and Siemens. My background comes from news journalism.
Review

Financing is always one of the major issues when building environmental solutions. With new financing instruments that take the larger impacts of a solution to account, making an impact becomes slightly easier. There are different solutions for these kinds of funding mechanisms available, but all of them are needed and very welcome.

Impact
Excitement
Replicability

MuniFin’s green finance has steadily grown over the years but a lot is still to be done. As a trailblazer of sustainable finance, we want to make the benefits of environmental investments more visible and do our part in creating an environmentally sustainable world together with our customers.

Antti Kontio, Head of Funding at Sustainability, MuniFin

Purpose

MuniFin Green Bonds are used to finance green investments in the Finnish municipal and social housing sector. They promote the achievement of Finland’s climate targets by offering green finance for investments that have positive effects on the environment.
The funding is sourced from international capital markets.
MuniFin’s Green finance can be granted for projects that belong to one of the categories of MuniFin’s Green Bonds Framework and has verifiable positive impacts on the environment. The final assessment of the project’s suitability for the green finance portfolio is made by an independent expert group.

Results

Green finance accelerates Finnish environmental projects and furthers their ambition. An incentive for this is the margin discount granted for the projects approved in the green finance portfolio. The magnitude of the discount depends on the extent of a project’s climate impact. Even on the international stage, this kind of incentive for green investments is rare in the financial sector.

MuniFin’s Green finance, in addition to environmental benefits, allows for diverse social and economic impacts, both locally and regionally.

Implementation

MuniFin is the most active Finnish bond issuer in the international capital market, and also the first-ever Finnish issuer of green bonds. The popularity of green bonds has grown rapidly in the market, as investors are looking for responsible investments. The green bonds issued by MuniFin have also been highly sought after among investors.

At the end of July 2020, MuniFin’s green portfolio amounted to EUR 1,4 billion.

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