Nefco is governed by its constituent documents
The Nordic Environment Finance Corporation (Nefco) is an international financial institution (IFI) owned by the five Nordic countries. An IFI is an institution that has been established by more than one country, and hence is subject to international law. Its owners or members are generally national governments.
Nefco is 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 Nefco Agreement in accordance with its respective national procedures.
As an 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 Nordic 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 can be found in the file listing below. These include policies and guidelines for:
- What kind of information is publicly available
- How we evaluate environmental and sustainability impact
- How procurement is handled in our projects
- How we fight corruption
- Our staff