# Paris Alignment of Export Credit Agencies: Finland

Published by Perspectives Climate Group. Canonical page: https://perspectives.cc/work/publications/paris-alignment-of-export-credit-agencies-finland

Perspectives Climate Research utilized its well-established methodology to assess Finnvera Oyj, the official Export Credit Agency (ECA) of Finland, for its alignment with the Paris Climate Agreement. Overall, Finnvera was rated with ‘Paris aligned’ with a score of 2.20/3.00.
The main reasons for the score include the successful phase-out of most fossil fuel energy financing over the past years with virtually 100% of energy-related transactions flowing to renewable energy (RE), though its absolute volume has been increasing only slowly.
Finnvera could not score ‘Transformational’ due to shortcomings regarding financial and non-financial disclosures, the untapped potential for more national engagement to decarbonize Finland’s exports, and the absence of granular reporting on project-level greenhouse gas emissions data as well as a clear definition of climate finance and its earmarks.
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## Details

- Authors: Max Schmidt, Luisa Weber, Igor Shishlov
- Year: 2024
- Published by: Perspectives Climate Group
- Topics: Climate Finance
- PDF: https://norden.diva-portal.org/smash/get/diva2:1888972/FULLTEXT01.pdf

Cite this page as: Max Schmidt, Luisa Weber, Igor Shishlov (2024). Paris Alignment of Export Credit Agencies: Finland. Perspectives Climate Group. Available at: https://perspectives.cc/work/publications/paris-alignment-of-export-credit-agencies-finland