No time to lose

"We have reached a time in history where we need to make systemic changes to balance the well-being of our societies with the limits of our planet. A transition to low-carbon economies requires global co-operation and actions from everyone, including governments, businesses, financial institutions and individuals like you and me. The way I see it, NIB can support the transition in two ways," says Henrik Normann, President & CEO at NIB.

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NIB Activity report 2019 published

We report on our lending activities, impact, stakeholders, work at NIB, and sustainability management.

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Decarbonising coastal transport

Ferries play a vital role in Norway’s public transport infrastructure.The Norwegian ferry company Fjord1 and NIB have signed a NOK 750 million loan to finance the acquisition of twelve hybrid-electric ferries.

Ferries transport some 20 million vehicles and more than 40 million passengers annually. Fjord1 is currently the largest operator in the country, with around 50% of the market.

The company’s investment is a major step towards meeting Norway’s ambitious strategy for decarbonising coastal transport.

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