The year 2024 was a record-breaking year in MuniFin’s sustainable finance. We remained on a strong growth path, and sustainable finance made up more than 50% of our new long-term customer financing. We granted green finance to 154 new projects. Once again, the majority of new projects in our portfolio fell under the buildings category.
Our customers were particularly active in seeking financing for their affordable social housing projects. This surge was driven by the clearing of the processing backlog at the Housing Finance and Development Centre of Finland (Ara) and the discontinuation of right-of-occupancy home construction by the end of 2025.
Green finance is offered to selected projects that promote the transition to low-carbon and climate resilient growth. These projects seek to mitigate or adapt to climate change. In this Green Impact Report, we summarise the impact and calculation principles of our green finance projects in the year 2024.
6.8
EUR bn
Outstanding amount of green finance
69,278
tCO₂
Annual CO₂ emissions avoided/reduced
576
Number of green projects
81,056
MWh
Annual energy savings (avoided/reduced)
Senior Specialist, sustainable finance
Rami Erkkilä:
Green finance project breakdown, number of projects
Green finance project breakdown, %/EUR
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