Cleantech for Nordics’ Post

👉 Read more about the bottlenecks in green investments in Finland in the AFRY report (in Finnish) #greeninvestments #transition #makingfuture #engineeredbyafry

Intresting insights about the situation of green transition investment projects in Finland!

📸 As commissioned by Ilmastorahasto - The Finnish Climate Fund, AFRY Management Consulting has produced a snapshot of bottlenecks in investment plans relating to the green transition in Finland. Drawing insights from interviews, workshop interactions and sector-specific data, it becomes evident that investment barriers in Finland's green transition significantly differ across sectors, particularly in: ⚡ energy  🌲 bioindustry  ♻️ circular economy  🌱 low-carbon technologies These challenges highlight the complexity of categorising green investments as a uniform entity because of the diverse range of obstacles encountered. However, based on feedback from the key industries, it is essential to create a predictable investment environment through a long-term and sufficiently broad economic policy. Green investments provide a real competitive edge and substantial business opportunities for the Finnish industry and business sectors. The green investment data dashboard managed by Elinkeinoelämän keskusliitto EK – Confederation of Finnish Industries notably shows that the value of potential and ongoing projects has surged to nearly €240 billion. However, the majority of these initiatives are still in nascent stages, with approximately 95% considered early-phase projects. Most of EK's project portfolio plans are related to clean energy production, mainly onshore and offshore wind power. Along with permitting processes, the key bottlenecks of these investments are industrial projects connected to clean energy and investments enabling demand flexibility, for example, in energy storage. Aside from energy-related projects, Finland should strategically advance investments that enhance raw material processing and material utilisation. Investment challenges diverge between industry sectors and the bioeconomy, with the following factors posing common hurdles for projects: 📈 inflation and rising interest rates  💶 financing costs  ❎ availability and demand-supply mismatch ❓ uncertainty about regulatory developments In addition, capital-rich sectors struggling with substantial technology risks or emerging market conditions face particular difficulties in securing financial support. 💬 Learn more about the study by reaching out to Tiina Kähö. 👉 Read more about the bottlenecks in green investments in Finland in the AFRY report (in Finnish): https://lnkd.in/gFGxY9ug #makingfuture #sustainability #greentransition

Our Director of Communications and Sustainability Saara Mattero joined the Climate Fund in October 2018. Having been a member of the team since the beginning, there aren’t many processes where Saara has not been involved in – be it from risk assessment of our funding decisions to moving towards CSRD reporting.   Saara’s background is in high-level decision-making, both in Finland and Brussels. We’ve come to know her as an expert in everything related to the EU as well as for Saara’s ability to get even the trickiest puzzles quickly solved into action and results. Lately, Saara has spent her energy on supporting our team’s re-employment.   “Working with my colleagues on our meaningful mission has been such a rewarding journey for almost the six years we’ve been together. Time after time, the solutions from our portfolio and dealflow companies have amazed me with their ingenuity and positive impact on the climate and environment. I am so proud to have been a member of the Finnish Climate Fund and having been able to support climate action in such a tangible way.”   Looking forward, Saara would like to continue working in a leadership position on sustainability issues from a regulatory and communications point of view – if one is able to combine technology and finance into the mix, the better!   #rekry #työnhaku #työnhakija #rahoitus #rahoitusala #recruitment #jobseeker #finance #communication #sustainability #regulation #EU #lookingfornewchallenges 

Reforest Finland Oy's mission is to provide companies with clear solutions for more responsible business practices and to address the ever-changing demands of sustainability. This is exactly the reason why we have chosen to partner up. They offer sustainability reporting, carbon footprint calculations and action plans, compensation, and communication. #carbonaccounting #carbonemission #carbonfootprint #partnership

Yesterday I participated in the workshop "Corporate R&D Investment for the Support of EU's Long-term Competitiveness in the Context of Green and Digital Transition", organised by the European Commission in Brussels. Engaging with top experts from industry, academia, and policy-making was truly inspiring. ✨ 🎤 I had the chance to share my point of view based on over 15 years of experience in managing innovation strategies, public funding, and strategic relationships in various industrial sectors. The challenges around R&D and Innovation investments in European industries are common across different sectors, but I think for Energy Intensive Industries (EII), they are magnified. Everything is just bigger in EII: the MWh of energy consumed, the millions of tons of products and by-products produced, and the tons of CO2 emitted. However, this also means EII has the potential to make a significant positive impact if we define a robust innovation, collaboration, and investment strategy. Innovating with a PURPOSE ensures efforts are well-directed and motivates people. However, PURPOSE will never be reached without a proper business plan and, most importantly, a welcoming MARKET. In this globalised world, we should aim to build a welcoming GLOBAL market for digital and green transition solutions. Otherwise, our efforts will be quickly undermined. 🌍 Special thanks to: Evgeni I. Evgeniev, PhD, Alexander Tuebke, Maria Cristina Russo, Massimiliano Mazzanti, Aliki Georgakaki, Markku Markkula, Marc Vancoppenolle, Taina Tukiainen and Roland Strauss #GreenTransition #CELSAGroup #DigitalTransformation #Innovation

Today, Ceemet and industriAll Europe submitted their joint pledge, as part of the “ co-implementation phase” of the mobility transition pathway intended to foster the green and digital transformation of this ecosystem. This is an opportunity to emphasize the importance of social dialogue. Open and constructive discussions between social partners and policymakers are key to shaping a balanced and competitive future for our industries. Together, we can create policies that foster green and digital transition. #SocialDialogue #Collaboration #Industry #Competitiveness

🇸🇪 Sweden has become a global leader in cleantech, consistently punching above its weight in both technological development and exports. However, Sweden’s success in the cleantech sector isn’t by accident. It’s the result of a combination of factors that create an environment for driving innovation and building an internationally competitive green industry. Here, we outline five key elements that have driven Sweden’s industrial and cleantech success. 🔑 🌟 Janey Mehks Mikael Reims Sara Persson Dr. Verena Adamheit Malin Ringblom Maria Groschopp Dellwik Magnus Rehn Boel Rydenå-Swartling Fredrik Larsson Natalie Marie Saez Laura Fostinone Leonor Zubillaga Eva Andersson Magnus Agerström

🌍📊 #UNIDO and Poland’s Ministry of Economic Development and Technology launched the Industrial Development Report (IDR) 2024 for Eastern Europe! The #IDR2024 highlights how modern industrial policies can drive inclusive and sustainable growth, foster innovation, and contribute to the achievement of the #SDGs. In the launch event held in Warsaw, experts discussed key opportunities for Eastern Europe, such as digitalization, clean energy, and regional collaboration, to boost industrialization and innovation (SDG 9). Read more here 👉 https://lnkd.in/dxAe4tv6 #IndustrialDevelopment #Innovation #Sustainability #EasternEurope

🌱 #SundaySeries: Navigating the Evolution of ESG 📊 As companies in the Baltic States face increasing pressure to uphold environmental, social, and governance (ESG) standards, the recent backing of the Green Claims Directive marks a pivotal moment in corporate accountability. But what does this mean for businesses in Estonia, Latvia, and Lithuania as ESG becomes a core component of the business agenda? Let's go into what's going on. 🔄 Shifting Business Landscape in the Baltics With our pristine natural landscapes and strong environmental consciousness, Baltic countries are uniquely positioned to lead the charge in ESG adoption. However, integrating ESG principles into corporate strategies is now more critical than ever. Companies must align with the Green Claims Directive to substantiate their environmental claims, ensuring transparency and accountability in consumer markets. 📚 ESG Frameworks Navigating the complex landscape of ESG reporting can be particularly challenging for companies around. That's why this comprehensive e-book, "ABCs of ESG Reporting" offers perfect insights for organizations in Estonia, Latvia, and Lithuania. From understanding regulations to selecting relevant frameworks, this guide empowers businesses to navigate ESG with confidence. By harmonizing reporting standards and metrics, Baltic businesses can showcase their commitment to sustainable practices while enhancing transparency and accountability. With the right guidance, companies can leverage ESG frameworks to not only comply with regulations but also differentiate themselves in the market. 🌍 As ESG continues to shape the corporate landscape in the Baltics, businesses have a unique opportunity to lead by example. By prioritizing transparency, accountability, and sustainability, companies can meet regulatory requirements and foster trust and loyalty among consumers and investors in the region. Use this as a great tool to be one step ahead. #ESG #BalticSustainabilityAwards #ItsTime