Environmental cooperation

NIB seeks business partners who share its vision and commitment to sustainable development. NIB also works together with other international financial institutions and organisations in order to promote sound, coordinated and effective approaches to environmental issues. To a large extent, NIB's environmental cooperation is part of the general cooperation with other financial institutions.

NIB is an active partner in the Northern Dimension Environmental Partnership (NDEP). NIB also participates in several other international and regional forums for environmental cooperation. NIB works together with the Baltic Marine Environment Protection Commission, also known as the Helsinki Commission, or HELCOM. Within the Council of the Baltic Sea States, NIB is part of the international working group Baltic Agenda 21. NIB also participates in the MFI Environmental Working Group, which is a cooperation forum for multilateral financial institutions.

NIB communicates its environmental requirements to its financial intermediaries and may assist the intermediaries in implementing them.  

In 2006 NIB, together with four other European multilateral financial institutions (the EIB, the EBRD, the CEB and NEFCO), signed the declaration European Principles for the Environment (EPE), concerning environmental management in the financing of projects. The aim of the declaration is to promote sustainable development and to protect and improve the environment. The EPE is based on the environmental principles, practices and standards of the European Union. The ambition is, however, to apply the EPE to projects in all the countries in which NIB and the other signatory banks operate.