5 Jul 2024

NIB’s revised Sustainability Policy now in force

NIB’s reviewed Sustainability Policy entered into force on 5 July 2024. This policy revision, approved by the Board of Directors on 4 June for a 30-day public consultation, allows for financing security and resilience investments, addressing new geopolitical realities.

Key changes include the removal of restrictions on dual-use equipment financing and an enhanced focus on nature and biodiversity, aligning with NIB’s Climate Strategy. The policy revision follows guidance from the Bank’s Board of Governors and reflects the evolving sustainability perspectives of NIB’s Nordic and Baltic member countries.

A public consultation was conducted between 4 June and 4 July.