Responsibility at MuniFin

MuniFin’s decisions and actions need to be sustainable. That is in the interest of MuniFin, its stakeholders, customers, investors and the Finnish society. MuniFin is committed to support the UN Sustainable Development Goals in its everyday work.

MuniFin defined the key principles and goals of corporate responsibility for its operations in 2017. The related key indicators will be published yearly in ­MuniFin’s responsibility report. The meaning of the principles on the practical work of everyone at ­MuniFin has been defined specifically for each department. All the departments have defined objectives for the development of responsible practices.

MuniFin’s key principles of corporate responsibility are based on a materiality analysis carried out in 2016. The results of the 2016 analysis were specified during 2017, and the specified priority areas for corporate responsibility have been validated in interviews with stakeholders, the participants of which included MuniFin’s customers, investors, and government representatives.

To its customers, MuniFin is a long-term partner whose work is manifested throughout Finnish society. Responsible lending plays a key role in MuniFin’s operations. MuniFin is therefore mapping the overall financial situation, investment targets and the related risks of its customers more closely as part of its day-to-day customer work. The discussions and mappings relating to risks also provide the customers with valuable support and insights.

Vuosi 2017 CASE

Rock House Jallukka

Located in Helsinki’s Jätkäsaari district, Jallukka is an example of a new concept for low-cost, communal and ecological rental living, developed by M2-Kodit. MuniFin has provided financing for M2-Kodit’s share of the building. One third of the building’s apartments are owned by the Live Music Association ELMU and are reserved for music industry professionals.

MuniFin is a pioneer in the promotion of environmentally sustainable development in Finland. MuniFin is the first financial institution in Finland to offer green finance for environmentally friendly projects and is still the first Finnish issuer of green bonds. MuniFin uses green finance to accelerate the achievement of climate targets by municipalities. MuniFin also adheres to the Green Office programme of the WWF.

Within its own organisation, MuniFin continuously develops good governance practices. MuniFin’s ­responsibility policy was updated at the turn of ­2017-2018 cover in more detail all of MuniFin’s ­operations. MuniFin is committed to promoting the wellbeing and diversity of its personnel. MuniFin is a member of the corporate responsibility network FIBS and its Diversity Charter Finland, as well as a member of Finland’s Sustainable Investment Forum (Finsif). MuniFin also promotes the achievement of Finland’s sustainable development goals through Commitment 2050 – Society’s Commitment to Sustainable Development.

Key principles of responsibility at MuniFin