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 annual NEB reports. In cooperation with other major international financial institutions, we contribute to harmonized frameworks for impact reporting, for example on renewable energy and energy efficiency. NIB also participates in Green Bond Principles working groups. Currently, the Bank is member of the “Green Bond Taxonomy” and “Green Bond Eligibility” groups. In this context, impact reporting metrics for sustainable water and wastewater management, waste management and resource efficiency projects were developed.

NIB reports its impact in accordance with the harmonized standards.

Further on this page: 

Measuring our impact

Mission fulfilment

Direct environmental impact

Key figures

Impact parameters

Measuring our impact

Human capital




Wastewater treatment
Green buildings

NIB publishes detailed descriptions of all projects financed on its website. The aggregated productivity and environmental impact of our lending is disclosed in the Bank’s annual reports. When reporting our environmental impact, we prorate the emissions to our share of the financing in order to avoid double-accounting with co-financiers.

The total net emissions of greenhouse gases are calculated for all the projects. Impacts of projects funded through NIB Environmental Bonds are presented in the NIB Environmental Bond Report.

See Annual Reports


Mission fulfilment

Mission fulfilment

NIB's mission fulfilment

NIB’s mission is to finance projects that improve productivity and benefit the environment of the Nordic and Baltic countries.

All projects considered for financing are analysed for their potential impact on the environment and on producivity gains, and are rated according to the Bank's mandate rating system on a scale from negative to excellent. NIB's aim is for at least 90% of agreed loans to achieve a good or excellent rating.

The mandate rating system was revised in 2018.

Read more about mandate assessment


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:


Direct environmental impact

  2016 2017 2018 Change
Electricity (MWh) 1,280 1,300 1,308 0.6%
District heating (MWh) 1,348 1,535 1,654 7.8%
District cooling (MWh) 349 311 426 37%
Water (m3) 2,738 2,990 3,576 19.6%
Business travel, air (million km) 4.2 4.1 4.0 -1.6%
Business travel, CO2 (t) 491 443 438 -1.2%
Paper (t) 6 6 5.7 -5%
Paper recycled (t) 12 10 10.1 0.2%
Other waste (t) 15 22 25.6 15.3%
 - Bio waste (t) 11.0 14.1 15.4 9.2%
 - Energy waste (t) 1.2 1.6 1.6 0.0%
 - Mixed waste (t) 3.2 6.5 8.6 32.3%

With regard to its own direct environmental footprint, NIB has 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 four times a year: for the period January–March (published in April), the period January–June (published in August), the period January–September (published in October), and the period January-December (published in February). Only the half-year and year-end figures are audited.

  Jan-Jun 2019 Jan-Jun 2018 Jan-Dec 2018
Net interest income  107 112 223
Profit before net loan losses 91 109 167m
Net profit 95 110m 173
Loans disbursed 1,484 2,153 4,047
Loans agreed 1,339 1,896 4,330
Loans agreed achieving good or above mandate (%) 100% 87% 91%
Loans outstanding 18,715 18,267 19,065
Total assets 31,708 31,157 31,710
New debt issues 2,895 5,203 6,620
Debts evidenced by certificates 25,598 25,132 25,651
Total equity 3,641 3,518 3,578
Equity/total assets (%) 11.5% 11.3% 11.3%
Profit/average equity (%) 5.2% 6.3% 4.9%
Cost/income (%) 20.1% 17.0% 20.6%
Number of employees (average during the period) 198 196 197

in EUR million unless otherwise specified


Annual reports

Annual and interim reports for download

Read more