Nefco’s Annual Environmental & Sustainability Report summarises the non-financial results of our financing activities and explains how we at Nefco work to accelerate the green transition.

Nefco is an international financial institution (IFI) that finances the initial scale-up of Nordic green solutions on international markets. Founded in 1990 by the five Nordic countries, we serve the interestsof our owners, Denmark, Finland, Iceland, Norway and Sweden, support globally set environmental and climate targets and take concrete actions to accelerate the shift to green. 

Nefco’s Annual Impact Report summarises the non-financial results of our financing activities and explains how we at Nefco work to accelerate the green transition.

Nefco is an international financial institution (IFI) that finances the initial scale-up of Nordic green solutions on international markets. Founded in 1990 by the five Nordic countries, we serve the interestsof our owners, Denmark, Finland, Iceland, Norway and Sweden, support globally set environmental and climate targets and take concrete actions to accelerate the shift to green. 

Nefco, the Nordic Green Bank's Annual Report for 2023 includes the Report of the Board, the Financial Report and Impact Report.

Nefco is an international financial institution (IFI) that finances the initial scale-up of Nordic green solutions on international markets. Founded in 1990 by the five Nordic countries, we serve the interestsof our owners, Denmark, Finland, Iceland, Norway and Sweden, support globally set environmental and climate targets and take concrete actions to accelerate the shift to green. 

The Nordic countries have played a pioneering role in supporting ambitious climate actions, sustainable development and promoting a carbon market.

Since 2003, Nefco - the Nordic Environmaent Finance Corporation has established and managed several groundbreaking carbon funds providing a testing ground for innovative, market-based approach, generating over 34 million carbon credits. The implemented projects made a significant contribution to broader green growth benefits and sustainable development in several developing countries. Read the summary report to know more about the achieved results.

Jointly developed by Nefco, the Nordic countries and the Nordic Council of Ministers, and established by Nefco in 2018, the Nordic Initiative for Cooperative Approaches (NICA) is seeking to operationalise international market-based collaboration under Article 6 of the Paris Agreement to support sustainable development and encourage more ambitious climate action through capacity building via practical pilot activities.

Nopef, the Nordic Project Fund, provides financial support for feasibility studies aimed at international establishments and implementation of commercial pilots and demonstrations of green solutions. The funding is intended for small and medium-sized companies (SMEs) based in the Nordic countries. Read more about Nopef activities and results in 2021.

Nopef, the Nordic Project Fund, provides financial support for feasibility studies aimed at international establishments and implementation of commercial pilots and demonstrations of green solutions. The funding is intended for small and medium-sized companies (SMEs) based in the Nordic countries. Read more about Nopef activities and results in 2022.

Nopef, the Nordic Project Fund, provides financial support for feasibility studies aimed at international establishments and implementation of commercial pilots and demonstrations of green solutions. The funding is intended for small and medium-sized companies (SMEs) based in the Nordic countries. Read more about Nopef activities and results in 2023.

Nopef works to strengthen the competitiveness of Nordic small and medium-sized enterprises (SMEs) by providing financial support for feasibility studies of companies that aim to scale up their green and sustainable solutions on global markets. Read the fact sheet to get more information about Nopef financing anf success stories.