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Reporting

We report corporate responsibility and sustainability in compliance with the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards. Our regulated and audited sustainability report for 2024 is based on double materiality review where recognised Fingrid's operations' material effects on environment and people, as well as the financial impact of sustainability topics on Fingrid. You can read the sustainability report as part of Report of the Board of Directors and Financial Statements here.

We also present our corporate responsibility and sustainability work in our Fingrid in 2024 report here.

We also take part in UN Global Compact initiative and report according to it's Communication on Progress (COP).

In addition, we report in accordance with Electric Utilities & Power Generators industry specific standards published by Sustainability Accounting Standards Board (SASB).

Green finance framework is presented in detail here. We are implementing a sizable investment program to enable green transition. In 2024, we issued two 500 million euro green bonds, to finance main grid investments.

Green financing is an important part of Fingrid’s financing strategy and responsible operating model. Fingrid was the first Finnish company to issue a Green Bond in 2017. Green Bonds are used to finance projects that are expected to have long-term net positive environmental impacts. Green Bond projects connect renewable energy production to Fingrid’s transmission network, reduce electricity transmission losses and create smart solutions that save energy and the environment. Fingrid annually reports on the impacts of its Green Bond projects by publishing a separate impact report on its website under Investors. As of 2019, the company also discloses the estimated amount of carbon dioxide emissions that have been avoided through these projects in carbon dioxide equivalent tonnes.

 

See also