Fingrid’s Green Bond annual report published
Fingrid has published the Green Bond annual report “Green Bond Investor Letter and Impact Report”.
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.
Since 2019, Fingrid has reported the amount of indirect carbon dioxide emissions avoided as regards projects related to renewable energy production. These impacts are estimated to amount to 258,000 tonnes of carbon dioxide equivalent in total in 2021. The impacts have been verified by MitoPro Oy.
Jussi Pohjanpalo, Fingrid’s Group Treasurer, considers green bonds a good way of financing the company’s green investments:
“Fingrid aims to increase the amount of green financing, as it supports the company’s goal of enabling the transition to a clean power system and is also compatible with our responsible operating methods. These includes environmental impact assessments of our investment 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