Project Financing
Tuupala school project was guided by
Environmental values
The school project in Kuhmo was guided by environmental values. Energy efficiency, utilizing renewable energy sources, and the airtightness of the building were key criteria for the loan. Hybrid solutions for heating and issues relating to the building materials as well as circular economics will be more prioritized in the future.
Life cycle analysis requires
Carbon footprint calculations
Carbon footprint calculations will likely be more common in the upcoming years. As the energy efficiency increases, the relative significance of building materials grows as well. EU’s sustainable finance taxonomy is founded on life cycle analysis which practically requires carbon footprint calculations. That will not be mandatory in the law until 2025 which puts us in a development hub. Taxonomy is a guiding principle for environmentally friendly financing.
Erno Järvinen, Managing Director
Tuupala school from the Finnish Forest Foundation perspective
The main goal of the Forest Foundation was that the school would be built using wood and that the project would further public wood construction on a national level. The Foundation wanted to be a part of the project by providing the public more information on the health benefits of wood buildings. We knew that wood is a healthy building material but we lacked scientific information for support. It was also important for us that the owners would commit to introducing the school to the public.