Impact

Nefco’s task is to accelerate the green transition by financing the initial scale-up globally of innovative Nordic solutions with positive environmental and climate outcomes.

Accelerating the green transition

We are the Nordic Green Bank whose task is to accelerate the transition to green. This is why all our financing is focused on environmentally beneficial, sustainable projects and solutions. Nefco financing is often the deciding factor in a project’s realisation. Our financing is guided by the EU Taxonomy, the UN Sustainable Development Goals, and our own rigorous environmental criteria.

Our results

754.4

GWh renewable energy generated in 2022

80%

of our Nordic SME financing being EU Taxonomy eligible in 2022

37

million tonnes of CO2 reduced since 1990

11,700

tonnes of phosphorus avoided to discharge in the Baltic Sea since 1990

Our impact

Woman carrying a pot with flowers in the garden_Nefco-Nordic Green Bank

We demand return on impact. This is why we only finance activities that lead to positive outcomes for the environment and climate.

Discover why we expect return on impact

How we assess impact

During our journey of over 30 years, we have developed uncompromising procedures for environmental and social assessments, project management and monitoring. We also use the six environmental objectives established by the EU Taxonomy framework to identify the benefits of potential investments.

Find out how we assess our impact

Global frameworks

Our Environmental and Sustainability Policy aligns with global, European and Nordic frameworks and goals to support concrete actions toward achieving carbon neutrality and a sustainable, circular and nature-positive economy

Internal operations

We strive to achieve positive impacts on the climate and environment in all our actions. This is why we measure, monitor, report and manage our internal operations.

Nefco’s Annual Impact Report

In 2022 almost 80% of our Nordic SME financed were EU Taxonomy eligible, we initiated a pioneering Biodiversity Pilot Programme, we began recovery actions to build back greener and better in Ukraine and activities in the funds we manage increased.

Annual Impact Report 2022

Nefco’s biodiversity pilot programme

Protecting biodiversity helps maintain ecosystem services that businesses in different sectors depend on. Nefco’s Biodiversity Pilot Programme aims to test and develop concrete biodiversity solutions in collaboration with companies.