Finnvera Group Business Review and ESG Strategy

ESG Strategy Climate change mitigation in Finnvera's operations Encouragement We help our customers seize the opportunities created by climate change action by financing growth, exports and investments. Goals realised Backed by the InvestEU guarantee programme, we provided climate and digitalisation loans for SMEs We developed climate criteria to identify export projects that have climate-positive features We defined incentives for projects meeting the climate criteria Goals 2024 - We publish the climate target, criteria and incentives Measurement and reporting We set goals for as well as measure and report on the climate impacts of the projects we finance and of our own operations. Goals realised - We calculated the direct and indirect CO2 emissions from our operations - We reported emissions relating to our ship liabilities according to the Poseidon Principles We set a long-term target for reducing our climate impacts Goals 2024 - We will define an emission reduction pathway to 2050 and start to measure our performance with a CO₂/EUR indicator against the 1.5 degree pathway Risk management We are integrating climate change risks into our key financing decisions and risk management. Goals realised We included climate risks (transition and physical) as part of ES assessment reports and ESG risks as part of our company analysis We introduced the ESG traffic light model and report for domestic financing projects Goals 2024 - We will integrate climate risk stress test as part of internal capital adequacy assessment process (ICAAP) Restrictions Our sectoral policies exclude E=== the most harmful projects for the climate. Goals realised We restricted granting of export credit guarantees to the oil and gas sectors as of January 1 2023, with strictly limited exceptions We exclude coal-fired power plants and peat projects abroad from Finnvera's financing Goals 2024 - We will update our oil and gas sectoral policy Influencing We influence the regulatory framework of export financing. Goals realised -We influenced and acted in the OECD export credit negotiations as part of the E3F coalition, which aims for transparency in energy project financing Goals 2024 - We will review joining the UN convened Net-Zero ECA Alliance Competence Sustainability is one of our strategic competences. Goals realised - CSRD training for the personnel as well as the management team and the Board of Directors - Membership in the Finnish Business and Society (FIBS) enables sustainability training for the entire staff Goals 2024 - Trainings on the new climate target, criteria and incentives - FIBS membership and trainings continue FINNVERA

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