How we work
The Nordic Environment Finance Corporation (Nefco) is an international financial institution (International Financial Institution is a financial institution that has been established by more than one country, and hence are subjects of international law. Its owners or shareholders are generally national governments.IFI) governed by its constituent documents: the Agreement between Denmark, Finland, Iceland, Norway and Sweden concerning Nefco, the Statutes of Nefco; and the Host Country Agreement between the Government of Finland and Nefco. Each Nordic country has endorsed the Agreement on Nefco in accordance with its respective national procedures.
As an International Financial Institution is a financial institution that has been established by more than one country, and hence are subjects of international law. Its owners or shareholders are generally national governments.IFI, Nefco has the status of an international legal person with full legal capacity to enter into agreements, acquire and dispose of immovable and movable property and be a party to legal proceedings. As an international legal person, Nefco is not entered into the trade register in any of the owner countries.
In its governance principles, Nefco promotes sustainability, equality, transparency, predictability, accountability and responsibility.
In addition to the constituent documents, Nefco’s activities are governed by a number of policies and guidelines adopted by Nefco’s Board of Directors or the Managing Director.
Our publicly available policies and guidelines can be found in the file listing below. These include policies and guidelines for
- What kind of information is publicly available (Public Information Policy)
- How we evaluate environmental and sustainability impact
- Procurement activities in our projects
- How we fight corruption
- Our staff