| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | XS2055786763, XS2454249652 |
| 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 and structure finance to its clients in the private and public sectors in the Nordic and Baltic regions. It finances projects in Energy & Water, Infrastructure, Transport & Telecom, Industries & Services and Financial Institutions & SMEs. NIB issues so-called environmental bonds since 2011 and is a member of the Executive Committee of the Green Bond Principles.
Investment rationale
NIB's mission is to finance projects that improve the productivity and benefit the environment of the Nordic and Baltic countries. The Bank can also play a stabilising role during economic crises.
Projects financed with the proceeds of its green bonds 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%).
In total, 63% of the proceeds of both green bonds is aligned with the Energy Transition and 37% with the Resource Transition.
The contribution to the Resource Transition comes from 23% of proceeds allocated to the impact objective Environmentally Sustainable Management of Living Natural Resources & Land Use , 11% of proceeds allocated to Pollution Prevention & Control, and 3% of proceeds allocated to Green Buildings.
The contribution to the Energy Transition comes from 27% of proceeds allocated to the impact objective Renewable Energy, 25% of proceeds allocated to Terrestrial & Aquatic Biodiversity Conservation, and 11% of proceeds allocated to Energy Efficiency.