Now in its fourth successful year, the European Business Awards has identified some of Europe’s brightest businesses based on their ability to demonstrate the three core principles at the heart of the Awards programme. The esteemed panel of judges were looking for organisations to represent Finland who exhibited innovation, business excellence and sustainability.

Dr. Jussi Nykänen, CEO of GreenStream: “At GreenStream we’re absolutely thrilled to be selected to represent Finland. As one of the forerunners in the environmental commodity market we have been operating some ten years in promoting emission reduction projects and use of renewable energy sources. It’s an honour to be recognised as one of the leading organisations in our country and in our field. The European Business Awards is widely recognised as the showcase for Europe’s most dynamic companies. We’re looking forward to the next round of the competition where we’ll be competing across Europe to receive a Ruban d’Honneur.”

 The European Business Awards is dedicated to raising the visibility and progress of companies who excel in delivering innovation twinned with successful commercial results whilst acting responsibly and positively affecting the social environment they operate in. In 2009, the 99 Ruban d’Honneur recipients had a combined turnover greater than €570 billion and recorded an average annual profit growth of 56%.

 Adrian Tripp, CEO of the European Business Awards says, “Over the past 4 years we’ve received an incredibly high standard of entries from organisations who are passionate about their business. However, very few get the chance to fly the flag for their country and compete across Europe to be recognised as one of the EU’s leading companies. It really is an exceptional accolade to be picked as a Country Representative, and together with HSBC we’re looking forward to seeing Finland in the next round.”

 For further information please contact:

CEO Jussi Nykänen, tel. +358 40 840 8001, e-mail jussi.nykanen@greenstream.net,

CFO Minna Andberg, tel. +358 40 700 1738, e-mail minna.andberg@greenstream.net

www.greenstream.net

GreenStream valittiin kovassa kilvassa yhdeksän muun suomalaisen yrityksen kanssa Suomen maaedustajaksi kilpailemaan halutusta Ruban d’Honneur -maininnasta kilpailun seuraavassa osiossa. Koko kilpailun voittajat julkistetaan Pariisissa 16.11.2010. European Business Awards on neljättä vuotta etsimässä Euroopan parhaita yrityksiä. Arviointi perustuu yritysten kykyyn toteuttaa toiminnassaan palkinto-ohjelman kolmea ydinperiaatetta. Arvostettu tuomaripaneeli haki suomalaisiksi maaedustajiksi yrityksiä, jotka osoittavat toiminnassaan innovaatiota, liiketoiminnan erinomaisuutta sekä toiminnan kestävyyttä.

 “Olemme GreenStreamilla innoissamme päästessämme edustamaan Suomea. Yhtenä ympäristömarkkinoiden edelläkävijöistä olemme toimineet kymmenisen vuotta edistääksemme päästövähenemiä tuottavia projekteja sekä uudistuvan energian tuotantoa. On kunnia tulla tunnustetuksi johtavana toimijana Suomessa sekä alallamme. European Business Awards on laajalti tunnettu siitä, ettäse esittelee Euroopan dynaamisimmat yritykset. Odotamme innolla kilpailun seuraavaa osiota, jossa kilpailemme Euroopan laajuisesti Ruban d’Honneur -maininnan saamisesta” kertoo Jussi Nykänen, GreenStream Network Oyj:n toimitusjohtaja.

  European Business Awards on omistautunut kasvattamaan sellaisten yritysten näkyvyyttä, jotka loistavat innovaatioiden tuottamisessa toimien samalla sekä vastuullisesti että kannattavasti. Vuonna 2009 99:n Ruban d’Honneur -maininnan saaneen yrityksen yhteenlaskettu liikevaihto oli yli 570 miljardia euroa ja keskimääräinen vuotuinen tuloksen kasvu 56 %.

 European Business Awardsin toimitusjohtaja Adrian Tripp kertoo: “Menneen neljän vuoden aikana kilpailuun on osallistunut uskomattoman korkeatasoisia organisaatioita, jotka suhtautuvat toimintaansa intohimoisesti. Kuitenkin vain harva saa mahdollisuuden edustaa omaa maataan ja kilpailla tulemisesta tunnustetuksi Euroopan johtavana yrityksenä. On todellinen kunnianosoitus tulla valituksi maaedustajaksi ja yhdessä HSBC:n kanssa odotamme näkevämme Suomen edustajat kilpailun seuraavassa osiossa.”

Lisätietoja:

Toimitusjohtaja Jussi Nykänen, p. +358 40 840 8001, s-posti jussi.nykanen@greenstream.net,

Talousjohtaja Minna Andberg, p. +358 40 700 1738, s-posti minna.andberg@greenstream.net.

www.greenstream.net

Further information: Jussi Nykänen, CEO, GreenStream Network Plc, +358 40 840 8001

Lisätietoja:

Juha Ruokonen, Analyytikko, GreenStream Network Oyj, +358 40 840 8005

“We believe that the values of GreenStream and Responsible Investments are very close to each other and we believe that we can assist and share information with the other Signatories on important environmental issues. Our expectations from becoming a PRI signatory are enhanced collaboration, networking with companies who share the same values as our Company is built upon and hopefully also to be able to provide guidance and examples of best practises.” Says GreenStream’s CFO Minna Andberg.

Additional information:

The Principles for Responsible Investment

The PRI Initiative, convened by UNEP FI and the UN Global Compact, was established as a framework to help investors achieve better long-term investment returns and sustainable markets through better analysis of environmental, social and governance issues in investment process and the exercise of responsible ownership practices. The Principles themselves, a full list of signatories and more information can be found at www.unpri.org

CEO, Dr Jussi Nykänen, described the agreement with Juno Capital Group as an “important milestone” in the further development of GreenStream in China. He added that: having a co-operation partner of the standing of Juno Capital Group would be invaluable in continuing to provide investors in GreenStream’s carbon funds access to high quality CDM opportunities in China. “We are pleased to have been introduced to Juno by the Finnish Environmental Cluster for China, and I am positive that this relationship will expand significantly over time as GreenStream and Juno work together to develop exciting CDM opportunities in China”.

Chairman Zhou Xiao He of Juno Capital Group stated;

“It is a very good beginning for our cooperation, I believe we will have a lot of opportunities in the carbon market in the future, but there will also be concrete chances for us, with the help from our friends at GreenStream and FECC, when it comes to transfer proven clean technology from Finland that is requested by the Chinese market.”

Juno Capital Group have earlier this year entered into a close co-operation with FECC and looks forward to reaping the rewards of this co-operation in its relationship with GreenStream, and continuing to work with FECC on a range of issues.

“Juno – GreenStream is an excellent match” says Mr Ari Makkonen, Vice President of Finnish Environmental Cluster for China (FECC). “Knowing the businesses and strenghts of both companies we decided to get them together”. During Juno’s visit to Finland a two-day matchmaking event for selected Finnish companies – including GreenStream – was aranged by FECC in June 2009. “This is also a break-thru for FECC as one of our services is to find partners for Chinese and Finnish companies in the cleantech sector” says Makkonen. “We have great expectations for the cooperation with both Juno and GreenStream in the future, too”

For further information please contact:

Tomas Otterström, joka johtaa GreenStreamin neuvonantopalveluita sekä ilmastosijoitusinstrumenttien kehittämistä ja hallinnointia, toteaa että sopimus merkittävällä tavalla laajentaa GreenStreamin yhteistyötä Suomen valtion kanssa. “Hiilirahastomme ja Suomen valtio ovat ostaneet päästövähennyksiä yhdessä eteläafrikkalaisista projekteista, minkä lisäksi olemme järjestäneet valtiolle pari päästöyksiköiden ostosopimusta Kiinasta. Olemme erittäin tyytyväisiä siitä luottamuksesta minkä valtio osoittaa valitsemalla meidät JI- ja CDM-hankkeidensa hoitajiksi”.

Neuvotteleva virkamies Juhani Tirkkonen työ- ja elinkeinoministeriöstä toteaa että GreenStream voitti avoimen tarjouskilpailun selvällä erolla muihin tarjoajiin. “Kaikilla hakijaorganisaatioilla oli kokemusta päästövähenemäprojektien projektihallinnasta. GreenStreamin kokemus oli kuitenkin tältä osin ylivertainen. GreenStreamin henkilöstö on kokonaisuudessaan Suomen oloissa harvinaisen vahva. GreenStreamin osaaminen sisältää kattavasti sekä CDM- ja JI-hankekokemusta että rahoitus- ja sopimusoikeusosaamista”.

Lisätietoja:

GreenStream Network Oyj, Tomas Otterström, varatoimitusjohtaja, +358 40 584 70 70

Työ ja elinkeinoministeriö, Juhani Tirkkonen, neuvotteleva virkamies, +358 50 365 3412

Tomas Otterström, who leads GreenStream’s advisory services as well as development and management of climate investment vehicles, says: the agreement significantly expands GreenStream’s cooperation with the State of Finland. “Our carbon funds and the State of Finland have co-purchased carbon credits from South African projects. In addition we have arranged a couple of purchase agreements for Finland in China. We are very pleased with the confidence in us which the State of Finland shows by entrusting us with the management of its JI and CDM project portfolio.”

Counsellor Juhani Tirkkonen at the Finnish Ministry of Employment and the Economy says that GreenStream won the open tender with a clear margin to the other service providers. “All applicants had experience in project management of emissions reduction projects, but GreenStream’s experience is superior to the others. GreenStream’s personnell is altogether exceptionally strong in the Finnish environment. GreenStream’s expertise includes both profound CDM and JI project experience as well as expertise in financing and legal agreements”.

GreenStream Network Plc, Tomas Otterström, Deputy CEO, +358 40 584 70 70

Finnish Ministry of Employment and the Economy, Juhani Tirkkonen, Counsellor, +358 50 365 3412

Tomas Otterström, who leads GreenStream’s development and management of climate investment vehicles, says: many companies have started to manage their post-2012 climate positions, either from a compliance perspective or for voluntarily neutralising their emissions. “The project portfolio of our Fine Carbon Fund generates a good share of post-2012 carbon credits, an opportunity which the mentioned investors in our Kyoto period carbon funds were keen to take. The Fine Post-2012 Carbon Fund thus builds on the Fine Carbon Fund serving the long-term carbon credit need of our current investors.”

According to Rami Vuola, CEO of the biggest investor EPV Energy, the investment in emission reductions through the fund is a part of the company’s overall strategy which aims at carbon neutral energy production. The company has also significant wind power, bioenergy and nuclear power programs, which aim at increasing renewable energy power production, reducing greenhouse gas emissions and replacing the use of fossil fuels with domestic fuels.

Otterström adds that GreenStream also manages another post-2012 carbon fund, the Climate Opportunity Fund, the second Tranche of which is open for new investors. The Climate Opportunity Fund provides carbon credit or cash return depending on each investor’s preferences and therefore serves both compliance buyers, actors voluntarily neutralising their emissions and financial investors.

For further information:

GreenStream Network Plc, Tomas Otterström, Deputy CEO, +358 40 84 7070

EPV Energy Ltd, Rami Vuola, CEO, +358 40 509 0044

For further information please contact:

GreenStream Network Plc
Tomas Otterström, Deputy CEO, tel. +358 40 584 7070, tomas.otterstrom@greenstream.net
Jussi Nykänen, CEO, tel. +358 40 840 8001,
jussi.nykanen@greenstream.net