Sofia Kujala
Legal Counsel
Driving the green transition: Our sustainability journey
In 2024, we advanced our sustainability efforts through green finance, ESG integration, and EU Taxonomy-aligned practices.
Korkia plays a vital role in accelerating the renewable energy transition through investments and development of utility-scale solar, wind, and battery energy storage solutions together with project developers globally. The evolving regulatory landscape for sustainability now demands greater transparency, disclosure, and alignment with sustainable finance principles.
While our investments in renewable energy are inherently green with contributions to climate change mitigation, we recognize they also involve environmental and social risks and potential negative impacts. We are committed to minimizing these to the extent possible through continuous improvement and clear expectations for both business partners and employees.
Embedding sustainability across our operations
Sustainability factors are integrated throughout our processes—from initial investment due diligence to project development—to mitigate risks and evaluate opportunities. Our comprehensive approach includes broader market assessments and in-depth project analyses to identify sustainability-related factors that may impact both investment performance and environmental outcomes.
Since 2018, Korkia Capital Oy has maintained its commitment as a signatory to the Principles for Responsible Investments. We are also active members of Finland’s Sustainable Investment Forum (FINSIF) and Renewables Finland (Suomen uusiutuvat ry).
In 2024, we enhanced our sustainability integration by refining due diligence processes and developing procedures to assess our 14 development companies against the EU Taxonomy’s Do No Significant Harm and Minimum Social Safeguard requirements as part of our green audit process.
Financing a future powered by renewables
Korkia has established a Green Finance Framework that enables the issuance of debt instruments including Green Bonds, Green Commercial Papers, and Green Loans. This Framework received a Dark Green Second Party Opinion rating from S&P Global in March 2025, confirming our activities align with the long-term vision of a low-carbon, climate-resilient future.
Our 2025 priorities focus on further improving our processes and deeper integration of sustainability principles into Korkia’s core strategy and business operations.
Latest Insights
Terrazas, Chile — Harnessing Chile’s world-class solar potential
The Terrazas is a landmark solar and storage project in the north-central zone of Chile. The project highlights the potential of...
Driving the green transition: Our sustainability journey
In 2024, we advanced our sustainability efforts through green finance, ESG integration, and EU Taxonomy-aligned practices.
Iron Gates, Romania – Hybrid energy park combining solar, wind and storage
The Iron Gates project represents Korkia’s entry into Romania’s rapidly evolving renewable energy market, combining solar, wind, and battery storage in...