NIB’s CO2 accounting harmonised with other IFIs

NIB and nine other international financial institutions have adopted a harmonised approach to greenhouse gas accounting. CO2 estimates are an important parameter in assessing a project’s eligibility for NIB’s financing under the environmental mandate.

“The unified method in greenhouse gas accounting during project appraisal will contribute to better alignment of the data reported by different IFIs despite the differences in mandates and geographical areas. We believe it sets a good practice standard in international cooperation and facilitates the sharing of experience,” says Johan Ljungberg, Head of Sustainability & Mandate at NIB.

In addition to NIB, the initiative includes the Agence Française de Développement, the Asian Development Bank, the European Bank for Reconstruction and Development, the European Investment Bank, the Inter-American Development Bank, the International Finance Corporation, KFW Development Bank, the Nordic Environment Finance Corporation, and the World Bank.

International financial institution framework for a harmonised approach to greenhouse gas accounting