|Date joined:||25 November, 2019|
|Initiatives:||Principles for Responsible Banking|
|Reports:||Mar 21 Mar 22|
The Nordic Investment Bank (NIB) is an International Financial Institution. NIB’s mission is to finance projects that improve productivity and benefit the environment of the Nordic and Baltic countries. The mission was given by NIB’s owner counties to address the needs of the region and the challenges it is facing – sustainable growth, technological innovation, climate change, the development of circular economy and the protection of marine environments.
All loan projects are assessed for their potential productivity gains and environmental benefits. After a project is completed, NIB’s analysts follow up on the impact achieved. In addition, all loan projects undergo a sustainability review. In order to respond to investors’ readiness to support environmentally sustainable projects, NIB has introduced the NIB Environmental Bond framework that allows investors to provide funds for the Bank’s environmental lending. Under the framework, the Bank can issue green bonds, the proceeds of which are used to finance projects which have a positive impact on the environment.