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

Environmental impact

Key figures

Impact parameters

Measuring our impact

Green builidngs

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

Mandate rating

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:


Our ecological 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.

  Aug 2018* Aug 2017* Dec 2017
Net interest income 149m 161m 238m
Profit before net loan losses 124m 149m 216m
Net profit 129m 160m 211m
Loans disbursed 2,367m 1,813m 3,147m
Loans agreed 2,286m 1,996m 3,812m
Loans agreed achieving good or above mandate 88% 96% 97%
Loans outstanding 18,263m 17,127m 17,232m
Total assets 32,100m 28,338m 29,953m
New debt issues 6,162m 4,027m 5,943m
Debts evidenced by certificates 25,678m 22,718m 24,000m
Total equity 3,523m 3,397m 3,456m
Equity/total assets 11.0% 12.0% 11.5%
Profit/average equity 5.5% 7.1% 6.2%
Cost/income 18.4% 16.2% 17.2%
Number of employees (average during the period) 197 193 193

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

Read more