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Combatting climate change

Finance Finland (FFI) endorses the mitigation and adaptation measures of the Paris Agreement. Their aim is to hold the increase in the global average temperature well below 2 degrees Celsius. As a major investor, lender, insurer and asset manager, the financial sector wants to shed light on its role in combatting climate change.

FFI and its member organisations have created a reporting framework that companies can use to monitor their own climate work measures while also making them more transparent. The framework is based on a set of indicators that track the progress of mitigation measures over the years. As the sector is compiling guidelines for good reporting practices cooperatively, this work may also give participating member companies fresh ideas and viewpoints on how they could develop their own sustainability reporting. Companies can independently choose how they apply these indicators.

The sector will evaluate and update the reporting guidelines annually. The guidelines are based on the recommendations of the Task Force on Climate-related Financial Disclosures, which operates under the international Financial Stability Board. 

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Read more about the indicators in the full report: Financial sector increases transparency in its climate work

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