Nefco is the Nordic Green Bank. Our purpose is to promote investments of Nordic environmental interest, with a focus on Eastern Europe. We accelerate the green transition by turning ambition into action
We focus on areas where funding is not yet available in sufficient amounts. By stepping in early and sharing our expertise, we help Nordic green solutions scale up faster and mobilise investments from public and private actors. Together with clients and partners, we deliver concrete, lasting impact.
Together for lasting impact
Our strategy for 2026-2030 builds firmly on our identity as the Nordic Green Bank. It gives us a clear direction of focus, stronger partnerships and a continued emphasis on delivering impact with speed, quality and integrity.
Accelerating the green transition
We work to strengthen Nordic environmental interests and support globally set climate and nature targets. We do this through practical, scalable financing that enables Nordic green solutions to grow – from early commercialisation to international scale up.
Our vision
We believe all capital should serve a green and resilient future. The Nordic region should lead by example – showing how finance can enable the world’s most sustainable, integrated and future-ready societies that can withstand shocks and continue to thrive when conditions change around us.
Our task
We accelerate the transition to green by helping Nordic solutions scale up faster and deliver lasting value. When commercial finance is not yet available in sufficient amounts, we step in and help projects become ready for larger investment.
Our promise
Together, we deliver concrete, lasting impact. We work side by side with our partners to unlock funding, share expertise, and structure credible, effective investments. We support investments in climate mitigation and climate adaptation, pollution prevention, circular economy, protection and sustainable use of nature, biodiversity, water and marine resources.
How we work
Guided by our values – grow for good, ever improving, and thrive together – we focus on impact, scalability, and Nordic interest.
| Strategic goals | |
| 1. | We strengthen Nordic environmental interests by focusing our work on the Nordic and near regions, particularly Eastern Europe. In the coming years, we will place strong emphasis on Ukraine’s green recovery and Moldova’s green transition, while continuing to support environmental improvements across the wider Baltic Sea region. |
| 2. | A key part of our work is to help Nordic small and medium sized companies scale up their green solutions, both within the Nordics and beyond/globally. We do this with a commercial, market-based approach, aiming to support more – and larger – investments in more established SMEs. |
| 3. | Across all programmes, we seek quantifiable results around three impact areas: – Green transition: Delivering measurable climate and environmental benefits – Scale‑up: Enabling Nordic solutions to grow and demonstrate stronger results – Nordic interest: Strengthening Nordic leadership in green innovation Looking beyond Return on Investment – we aim for Return on Impact. Read more about how we assess impact |
| 4. | We align with Nordic, European and global frameworks to support concrete actions towards a low-carbon society and a sustainable, circular and nature-positive economy. |
| 5. | To maximise the positive impact, we deepen our partnerships and mobilise additional capital alongside our own. By building a compelling, scalable portfolio we aim to de-risk impactful investments and attract funding from both public and private actors. Together with clients and partners, we deliver concrete, lasting impact. |
How we finance
With our own paid-in capital and through donor-funded programmes, we finance and implement small and medium‑sized green investments.
Nefco’s own capital
The capital paid in by the Nordic countries in 1990 is used for lending and all earnings are retained for new green investments.
Nefco as fund manager
We manage trust funds efficiently and transparently, supporting projects that contribute to Nordic and global environmental goals.
Nefco as implementing agency
Through partnerships, we implement green projects that deliver concrete, lasting environmental impact.
Read more about how we finance
Read more about what we finance
