3 Jul 2020
EUR 60 million
Financial institutions and SMEs
NIB signed up for the Principles for Responsible Investment (PRI), the Principles for Responsible Banking (PRB) and the Task Force on Climate-related Financial Disclosures (TCFD) on Thursday 19 December 2019.
“Sustainable financing is at the core and essence of NIB. NIB’s participation in the three frameworks will open up new networks of banks and investors we can learn from and share experiences on climate risks and ESG thinking. I am happy to join the three global efforts to further strengthen NIB’s international engagement and support for sustainable finance,” said Henrik Normann, President & CEO of NIB, who signed the frameworks.
The PRI is an investor initiative that works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions (www.unpri.org).
The PRB provide a framework for accelerating the banking industry’s contribution to achieving society’s goals as expressed in the UN Sustainable Development Goals and the Paris Climate Agreement (www.unepfi.org/banking/bankingprinciples).
The TCFD develops climate-related financial risk disclosures for companies in providing relevant information to investors, lenders, insurers, and other stakeholder (www.fsb-tcfd.org).
Joining these three initiatives is a natural step for NIB given that its mission is to finance projects that improve productivity and benefit the environment of the Nordic and Baltic countries. The mission, given to NIB by its Nordic and Baltic owner countries, addresses future challenges such as climate change, the protection of marine environments, promoting economic and technical progress, high quality education, health care, and resilient infrastructure.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
For further information, please contact:
Mr. Henrik Normann, President & CEO, at +358 10 618 001, email@example.com
Mr. Luca De Lorenzo, Head of Sustainability and Mandate, at +358 10 618 0297
Mr. Jukka Ahonen, Head of Communications, at +358 50 387 5774