Our impact

As a mission-driven bank, NIB focuses on financing projects that improve productivity and benefit the environment in the Nordic–Baltic region.
Prior to making loan decisions, NIB assesses how the projects considered for financing promote productivity gains and provide environmental benefits in the Bank’s member countries. We follow up the project implementation, and once completed, we evaluate the extent to which the estimated impacts have materialised. In measuring the impact of our financing, we apply a set of predefined indicators. NIB also monitors its own environmental footprint annually.

What we report

The impact from our lending is measured according to a set of productivity and environmental indicators. We are constantly developing reporting parameters to provide our stakeholders specific data on the impact of NIB’s operations. Currently, we publish descriptions of newly agreed loans, visit Agreed Loans. In the annual reports, we disclose the aggregated productivity and environmental impact of our lending and we calculate the total net emissions of greenhouse gases for all projects. Impacts of projects funded through NIB Environmental Bonds (NEB) are presented in the NEB reports. In cooperation with other major international financial institutions, we contributed to a harmonised framework for impact reporting on renewable energy and energy efficiency. NIB also participates in the Green Bond Principles network to promote reporting standards for sustainable water and wastewater management, waste management, and resource efficiency projects.

Further on this page: 

Measuring our impact

Mission fulfilment

Environmental impact

Key figures


Measuring our impact

Green builidngs

Mission fulfilment

Mission fulfilment

NIB's mission fulfilment

NIB’s major impact comes from its long-term lending to projects. All projects the Bank finances are analysed from the perspective of productivity and the environmental benefits created.

The Bank uses an internal mandate rating system to assess a projects impact. In 2017, loans achieving a “good” or “excellent rating accounted for 97% of the total amount of lending.

NIB's aim is for at least 90% of loans to achieve those ratings.


NIB-financed projects and the UN SDGs

The seventeen UN Sustainable Development Goals (SDGs) set out a global roadmap for tackling economic, environmental and social challenges as part of the 2030 Agenda for sustainable development.

In line with its mission, NIB has identified the SDGs to which its financed projects, business strategy and sustainability approach can contribute:


Environmental impact

Environmental impact of NIB-financed projects

CO2 emissions

Our environmental footprint

  2015 2016 2017 Change
Electricity (MWh) 1,269 1,280 1,300 2%
District heating (MWh) 1,188 1,348 1,535 14%
District cooling (MWh) 336 349 311 -11%
Water (m3) 2,725 2,738 2,990 9%
Business travel, air (million km) 5.0 4.2 4.1 -4%
Business travel, CO2 (t) 632 491 443 -10%
Paper (t) 6 6 6 0%
Paper recycled (t) 12 12 10 -16%
Other waste (t) 16 15 22 47%

With regard to its own direct ecological footprint, NIB has environmental guidelines for office practices, facilities management and procurement. NIB complies with the requirements of EU environmental legislation, and in many respects applies even stricter rules than legislation requires. NIB's headquarters in Helsinki has been part of the WWF Green Office network since 2009.

WWF Green Office


Key figures

NIB updates financial figures three times a year: for the period January–April (published in June), the period January–August (published in October) and the period January–December (published in March). Only the year-end figures are audited.

    Dec 2017 Dec 2016
Net interest income   238m 242m
Profit before net loan losses   216m 232m
Net profit   211m 212m
Loans disbursed   3,147m 3,373m
Loans agreed   3,812m 4,363m
Loans agreed achieving good or above mandate   97% 96%
Loans outstanding   17,232m 16,640m
Total assets   29,953m 30,178m
New debt issues   5,943m 6,700m
Debts evidenced by certificates   24,000m 23,907m
Total equity   3,456m 3,275m
Equity/total assets   11.5% 10.9%
Profit/average equity   6.2% 6.7%
Cost/income   17.2% 16.1%
Number of employees (average during the period)   193 192

in EUR unless otherwise specified
*Unaudited figures, to be read in conjunction with NIB's audited annual financial statements.


Financial reports

Annual and interim reports for download

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