In 2023, the number of our social finance projects increased by over 40% from the year before. A growing awareness of sustainability matters coupled with increasing stakeholder expectations are pushing up the demand for our sustainable finance.

We approved 34 projects, the majority of which are welfare projects or housing solutions aimed at the most vulnerable population. It is safe to say that we are well on the way towards our goal.

Social finance can be granted to customers’ projects that produce widespread social benefits. In this report, we summarise the impact of our social finance projects.

2.2

EUR bn

Outstanding amount of social finance

3.1

billion

Number of user and patient visits

123

Number of social projects

4,488

Number of apartments for the most vulnerable population

Senior Specialist, sustainable finance

Rami Erkkilä:

“The principles of sustainable development are central to our social finance. They not only steer the direction of investments and financing, but also take the world towards a balanced and sustainable future where no one is left behind.”

Senior Specialist, sustainable finance

Rami Erkkilä:

“The principles of sustainable development are central to our social finance. They not only steer the direction of investments and financing, but also take the world towards a balanced and sustainable future where no one is left behind.”

Social finance project breakdown, number of projects

"Our social finance projects improve and safeguard the availability of services provided by the Finnish welfare state."
Mikko Noronen, Sustainability Manager.

Mikko Noronen

Sustainability Manager

Social finance project breakdown, %/EUR

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