Fingrid’s Green Bond annual report published
The Green Bond annual report presents Fingrid’s green bond-funded projects with their climate and environmental impacts.
Fingrid has published the Green Bond annual report “Green Bond Investor Letter and Impact Report” (link).
The report describes the investment projects financed through the EUR 100 million Green Bond issued by the company in 2017 and their climate and environmental impacts. Proceeds from the Green Bond were allocated to eleven investment projects to connect renewable energy production to the main grid or to reduce technical losses in electricity transmission.
As of 2019, Fingrid will also report as project impacts the amount of indirect carbon dioxide emissions avoided as regards projects related to renewable energy production. These impacts are estimated to amount to 330,000 tonnes of carbon dioxide equivalent in 2019. The impacts have been verified by Mitopro Oy.
Jussi Pohjanpalo, Fingrid’s Group Treasurer, considers green bonds a good way of financing investments with funding specifically allocated to green investments:
“Fingrid aims to continue using green financing going forward, as it supports the company’s goal of enabling the transition to a clean power system. Green financing is also compatible with our responsible operating methods, which include environmental impact assessments of projects, corporate responsibility audits of suppliers and service providers, and requiring suppliers to commit to the company’s Supplier Code of Conduct”, says Pohjanpalo.
Jussi Pohjanpalo, Group Treasurer, Fingrid, jussi.pohjanpalo(at)fingrid.fi