Finland is a geographically large country with cold winters and a sizeable industrial sector. This effects in our need for energy. About 80 per cent of Finland’s electricity consumption is covered by own production and the remainder is imported from other countries. Mostly from Sweden. Finland is part of the pan-Nordic electricity market. The physical
Finland is the most forested country in Europe and forests account for three quarters of Finland’s surface. The forest industry is a major contributor to wellbeing in Finland. The sector accounts for over 20 per cent of Finland’s export revenue and it is a major employer, especially in regional areas. In addition to traditional products
The carbon footprint of large cooperative companies decreased more slowly in 2021 than the previous year or not at all. It was to be expected, because the reductions in fossil emissions were huge in 2020: in meat industry HKScan over 50 and Atria around 30 percent and consumer coops S Group 20 percent. You can’t
The number of new cooperatives is falling for the eighth year in a row. Only 78 cooperatives were founded in 2021, compared to 92 the previous year. In 2019 the number of new cooperatives was 142 cooperatives, and a total of 235 we established in 2014. There is still a lot of work to be
Thanks to new tools, asset management is becoming routine for all water utilities companies. The annual investments of Finnish water supply facilities are 400 million euros. It is a large amount, but still not enough, as the amount should be approximately EUR 770 million. This is clear from the State of Built Assets ROTI 2021
The reflation measures of governments and central banks offered banks the keys to success on a silver platter last year. For example, OP Financial Group and Savings Bank Group characterized their results as record high. In 2022, their own skills will also be weighed. Banks’ money transactions with consumers went well last year. More loans
