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GRI comparison of Finnvera’s reporting


  GRI Content Included Page Remarks
  1. Strategy and Analysis      
1.1 CEO’s statement Yes CEO's review
Corporate responsibility at Finnvera
1.2 Key impacts, risks and opportunities. Yes Role and impact of operations
Corporate responsibility at Finnvera
  2. Organisational Profile      
2.1 Name of the organisation. Yes Finnvera in brief  
2.2 Primary brands, products and services. Yes Finnvera in brief
Financial services
2.3 Operational structure incl. main divisions, operating companies, subsidiaries, joint ventures. Yes Finnvera in brief  
2.4 Location of organization’s headquarters. Yes Contact info  
2.5 Number of countries and names of countries with major operations or that are relevant to sustainability issues. Yes Regional organisation  
2.6 Nature of ownership and legal form. Yes Governace  
2.7 Markets served (geographic breakdown, sectors served, types of customers/beneficiaries). Yes Role and impact of operations
2.8 Scale of the reporting organization (Number of employees, net sales, total capitalization by debt and equity, quantitity of products/services provided). Yes Key figures  
2.9 Significant changes regarding size, structure or ownership (location of, or changes in operations, incl. facility openings, closings, and expansions; and changes in share capital structure). Yes Strategy Finnvera renewed its business model and organisation to support the effective implementation of its strategy
2.10 Awards received in the reporting period. Yes   No awards that GRI requires to be reported during the reporting period.
  3. Reporting Principles      
3.1 Reporting period (e.g., fiscal/calendar year) for information provided Yes About the annual report  
3.2 Date of most recent report Yes About the annual report  
3.3 Reporting cycle (annual, biennial, etc.) Yes About the annual report  
3.4 Contact point for questions regarding the report or its content. Yes Contact info  
3.5 Process for defining report content (materiality, prioritizing topics and stakeholders using the report). Yes Stakeholders and materiality  
3.6 Boundary of the report (e.g., countries, divisions, subsidiaries, leased facilities, joint ventures, suppliers). Yes   The sustainability report covers the economic, social and environmental implications of Finnvera plc’s own operations from the accounting period 1 Jan–31 Dec 2014. Reporting complies with the GRI 3.1 reporting framework. Our reporting corresponds with the GRI application level C.
3.7 State any specific limitations on the scope or boundary of the report (see completeness principle for explanation of scope). Yes   Any possible exceptions or limitations in the boundaries, as well as changes to the scope, boundary or measurement techniques of the key figures reported earlier, have been reported next to the key figures in question.
3.8 Basis for reporting on joint ventures, subsidiaries, leased facilities, outsourced operations, and other entities that can significantly affect comparability from period to period and/or between organizations. Yes About the annual report Finnvera does not have leased facilities or outsourced operations.
3.10 Explanation of the effect of any re-statements of information provided in earlier reports, and the reasons for such re-statement (e.g. mergers/acquisitions, change of base years/periods, nature of business, measurement methods). Yes   No changes in the information reported earlier
3.11 Significant changes from previous reporting periods in the scope, boundary, or measurement methods applied in the report. Yes   No changes in the information reported earlier
3.12 Table identifying the location of the Standard Disclosures in the report . Yes GRI  
3.13 Policy and current practice with regard to seeking external assurance for the report. If not included in the assurance report accompanying the sustainability report, explain the scope and basis of any external assurance provided. Also explain the relationship between the reporting organization and the assurance provider(s). Yes   The 2014 report has not been subjected to external assurance.
  4. Governance, Commitments and Engagement      
4.1 Governance structure of the organization, including committees under the highest governance body responsible for specific tasks, such as setting strategy or organizational oversight. Yes Governance  
4.2 Indicate whether the Chair of the highest governance body is also an executive officer. Yes Board of Directors The Chairman of the Board of Directors is independent of the executive management.
4.3 For organizations that have a unitary board structure, state the number of members of the highest governance body that are independent and/or non-executive members. Yes   All Board members are independent.
4.4 Mechanisms for shareholders and employees to provide recommendations or direction to the highest governance body. Yes Personnel well-being  
4.5 Linkage between compensation for members of the highest governance body, senior managers, and executives (including departure arrangements), and the organization’s performance (including social and environmental performance). Yes Statement on the Corporate Governance and Steering Sytem  
4.6 Processes in place for the highest governance body to ensure conflicts of interest are avoided. Yes Governance  
4.7 Process for determining the qualifications and expertise of the members of the highest governance body for guiding the organization’s strategy on economic, environmental, and social topics. Yes Statement on the Corporate Governance and Steering Sytem  
4.8 Internally developed statements of mission or values, codes of conduct, and principles relevant to economic, environmental, and social performance and the status of their implementation. Yes Strategy
Corporate responsibility at Finnvera
Finnvera's webpage
4.9 Procedures of the highest governance body for overseeing the organization’s identification and management of economic, environmental, and social performance, including relevant risks and opportunities, and adherence or compliance with internationally agreed standards, codes of conduct, and principles. Yes Corporate responsibility at Finnvera
Risk Management
4.10 Processes for evaluating the highest governance body’s own performance, particularly with respect to economic, environmental, and social performance. Yes   The Board of Directors evaluates its own performance annually.
4.11 Explanation of whether and how the precautionary approach or principle is addressed by the organization. Yes Project assesments
Accounting principles
4.12 Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organization subscribes or endorses. Yes Export financing  
4.13 Memberships in associations (such as industry associations) and/or national/international advocacy organizations in which the organization. Yes Stakeholders and materiality  
4.14 List of stakeholder groups engaged by the organization. Yes Stakeholders and materiality  
4.15 Basis for identification and selection of stakeholders with whom to engage. Yes Stakeholders and materiality  
4.16 Approaches to stakeholder engagement, including frequency of engagement by type and by stakeholder group. Yes Stakeholders and materiality  
  Economic Performance Indicators      
  Management approach to economic responsibility Yes Role and impact of operations
Finnvera's impact on society
Risk management
Corporate responsibility at Finnvera
  Economic Performance      
EC1* Direct economic value generated and distributed, including revenues, operating costs, employee compensation, donations and other community investments, retained earnings, and payments to capital providers and governments. Partly Key figures
Finnvera's impact on society
EC2* Financial implications, risks and opportunities due to climate change. Partly Personnel well-being  
EC3* Coverage of defined benefit plan obligations. Yes Accounting principles
Statement on the Corporate Governance and Steering System
EC4* Significant subsidies received from government. Yes Financial statement  
EC9 Understanding and describing significant indirect economic impacts, including the extent of impacts. Yes Finnvera's impact on society
Role and impact of operations
  Environmental Performance Indicators      
  Management approach to environmental responsibility Partly Personnel well-being  
EN4* Indirect energy consumption by primary source. Partly Personnel well-being  
EN7 Initiatives to reduce indirect energy consumption and reductions achieved. Yes Personnel well-being  
EN18 Initiatives to reduce greenhouse gas emissions and reductions achieved. Partly Personnel well-being  
EN28* Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental laws and regulations. Yes   No fines or sanctions during the reporting period.
  Social Performance Indicators      
  Management approach to labor practices and decent work Yes Corporate responsibility at Finnvera
Personnel well-being
  Labor Practices and Decent Work      
LA1* Total workforce by employment type, employment contract and region. Partly Report of the Board of Directors
Personnel well-being
LA4* Percentage of employees covered by collective bargaining agreements. Yes   94% of employees are covered by collective bargaining agreements.
LA5* Minimum notice period(s) regarding operational changes, including whether it is specified in collective agreements. Yes   Finnvera complies with the Finnish co-determination legislation.
LA6 Percentage of total workforce represented in formal joint management–worker health and safety committees that help monitor and advise on occupational health and safety programs. Yes   Finnvera has an occupational safety and health organisation set up in accordance with the Act on Occupational Safety and Health Enforcement. It draws up the action plan for occupational safety and health. The employer is represented by the occupational safety and health manager and the employees by the elected occupational safety and health representatives and deputy representatives. The Occupational Safety and Health Act is applied to all employees and, according to the general provisions, the employer is required to take care of the safety and health of its employees while at work by taking the necessary measures.
LA7* Rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities by region. Partly Personnel well-being  
LA8* Education, training, counseling, prevention, and risk-control programs in place to assist workforce members, their families, or community members regarding serious diseases. Yes Personnel well-being  
LA10* Average hours of training per year per employee by employee category. Partly   The average hours of training per person have not been reported.
LA11 Programs for skills management and lifelong learning that support the continued employability of employees and assist them in managing career endings. Partly Personnel well-being  
LA12 Percentage of employees receiving regular performance and career development reviews. Yes Personnel well-being The entire personnel is encompassed by performance and career development reviews.
  Human Rights      
HR4* Incidents of discrimination and actions taken. Yes   No cases of discrimination during the reporting period.
SO1* Nature, scope, and effectiveness of any programs and practices that assess and manage impacts of operations on communities (incl. entering, operating, and exiting). Partly Personnel well-being  
SO4* Actions taken in response to incidents of corruption. Yes   No cases of corruption during the reporting period.
SO6 Total value of financial and in-kind contributions to political parties, politicians and related institutions. Yes   Finnvera does not give contributions or donations to political parties or politicians.
SO7 Number of legal actions for anti-competitive behaviour, anti-trust, and monopoly practices and their outcomes. Yes   No legal actions during the reporting period
SO8* Monetary value of significant fines and number of non-monetary sanctions for non-compliance with laws and regulations. Yes   No fines or sanctions during the reporting period.
  GRI indicators for the financing sector      
FS2 Procedures for assessing and screening environmental and social risks in business lines. Yes Personnel well-being  
FS3 Processes for monitoring clients’ implementation of and compliance with environmental and social requirements included in agreements or transactions. Yes Personnel well-being  
FS5 Interactions with clients/investees/business partners regarding environmental and social risks and opportunities. Partly Personnel well-being  
FS6 Percentage of the portfolio for business lines by specific region, size (e.g. micro/SME/large) and by sector. Yes Financial services
Business in 2014
FS8 Monetary value of products and services designed to deliver a specific environmental benefit for each business line broken down by purpose. Partly Personnel well-being  

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