OP Financial Group commits to Collective Commitment to Climate Action

In accordance with the Paris Agreement, we commit to align our portfolios to reflect and finance the low-carbon, climate-resilient economy required to limit global warming to well-below 2, striving for 1.5 degrees Celsius. 

- OP Financial Group wants to support our customers and other stakeholders in transitioning to a climate-friendly economy. We have seen an increasing interest among our clients and other investors towards responsible financing, and green finance, loans and bonds. From the perspective of a financial services company, the key is to integrate corporate responsibility into all investment and financing decisions, in addition to prioritizing investments that are sustainable for the environment and climate. This is best achieved by working together and developing our capabilities to facilitate the economic transition towards climate neutrality, says Timo Ritakallio, President and Group Executive Chair, OP Financial Group.

OP Financial Group signed the Principles for Responsible Banking on the 22nd Sep 2019. This Commitment is the first concrete step to putting these principles into practice.

Please see the full text of the Collective Commitment to Climate Action here.