Environmental Guarantee

• The Environmental Guarantee is mainly targeted for large enterprises engaged in industry or in similar production.
• For processing the guarantee application, the applicant must give Finnvera an account of the feasibility and efficiency of the environmental protection investment or waste recycling investment. In the case of an energy investment, the applicant must give an account of the increase in renewable energy, the environmental impacts of the project, or the improvement of energy efficiency. The account must be prepared by a consulting firm or some other actor having sufficient expertise of the sector.
• In addition, for environmental protection investments carried out abroad, Finnvera obtains an opinion from the Ministry for Foreign Affairs concerning the feasibility of the investment.
• When deciding on the guarantee, Finnvera assesses whether the measures resulting from the environmental protection investments and energy investments are efficient and feasible.

The guarantee can be granted for some of the credit by sharing the risk with the financier. Finnvera’s coverage of the guaranteed credit is at most 80%.

In general, the guaranteed credit has a maturity not exceeding ten years.

Counter-security to be negotiated separately in each case.

The guarantee holder is required to pay an annual guarantee commission, the size of which depends on the enterprise’s financial standing, the maturity of the guaranteed credit, and any counter-security provided. A handling fee is also charged.