| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | XS2055786763 |
| Industry group | Diversified Banks |
| Aligned with SDGs |
Nordic Investment Bank (NIB), founded in 1975, operates as an international financial institution and is owned by Sweden, Norway, Denmark, Finland, Iceland, Lithuania, Latvia and Estonia. The bank provides corporate and sovereign loans, loans to municipalities, loans to public-private partnerships, loan programmes and project & structure finance to its clients in the private and public sectors in the Nordic and Baltic region. It finances projects in the following business areas: Energy & Water, Infrastructure, Transport & Telecom, Inudstries & Services, Financial Institutions & SMEs. NIB issues so-called environmental bonds since 2011 and is a member of the Executive Committee of the Green Bond Principles. In 2020, its total issuance under the NIB Environmental Bond Framework reached EUR 4.9 billion.
Investment rationale
Nordic Investment Bank (NIB) is the international financial institution of the Nordic and Baltic countries. Its mission is to finance projects that improve the productivity and benefit the environment of the Nordic and Baltic countries. The Bank can also take a stabilizing role during economic crisis.
Projects financed with the proceeds of its environmental bonds in 2020 includes: green buildings (45%), renewable energy generation (24%), clean transport solutions (24%), resources and waste management systems (3%), transmission, distribution and storage systems (1%), and energy efficiency (1%).
The impact of these projects through 2011-2020 (calculated to NIB’s share in the financing) includes 1,163,000 tonnes per year in avoided GHG emissions; 877 MW installed renewable energy generation capacity; 2,212 GWh/a in renewable energy (41.5% bioenergy, 34.5% hydropower, 24% windpower); energy efficiency 58 GWh/a saved; green buildings 329,000 m2 to be certified BREEAM Excellent/LEED Platinum 800 MWh/a renewable energy; clean transport solutions resulting in 18,000 t/a in avoided GHG emissions.