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

Impact of loans agreed in 2019


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

  2017 2018 2019 Change
Electricity (MWh) 1,300 1,308 1,316 0.6%
District heating (MWh) 1,535 1,654 1,864 12.7%
District cooling (MWh) 311 426 368 -13.6%
Water (m3) 2,990 3,576 3,293 -7.9%
Business travel, air (million km) 4.1 4.0 3.7 -7.5%
Business travel, CO2 (t) 443 438 405 -7.5%
Paper (t) 6 5.7 3.8 -33.3
Paper recycled (t) 10.1 10.1 5.1 -49.5
Other waste (t) 22.2 25.6 22.4 -12.5%
 - Bio waste (t) 14.1 15.4 13.7 -11%
 - Energy waste (t) 1.6 1.6 1.6 0.0%
 - Mixed waste (t) 6.5 8.6 7.1 -17.4%
Tonnes of CO2e   1,388 1,319 -5.0%

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 2010. The Green Office certificate was awared to NIB again in December 2019.

NIB's WWF Green Office certificate (PDF)

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 2020* Jan-Jun 2019* Jan-Dec 2019
Net interest income 99 107 212
Loss/profit before net loan losses 53 91 183
Net loss/profit 15 95 182
Loans disbursed 2,836 1,484 2,676
Loans agreed 3,449 1,339 3,316
Loans agreed achieving good or above mandate (%) 100% 100% 98%
Lending outstanding 20,478 18,715 18,931
Total assets 35,803 31,708 32,653
New debt issues 5,047 2,895 4,909
Debts evidenced by certificates 29,617 25,598 26,674
Total equity 3,689 3,641 3,735
Equity/total assets (%) 10.3% 11.5% 11.4%
Profit/average equity (%) 0.8% 5.2% 5.0%
Cost/income (%) 33.0% 20.1% 21.9%
Number of employees (at the end of the period) 228 229 229

in EUR million unless otherwise specified

*Unaudited figures, to be read in conjunction with NIB's 2019 financial statements.



Annual reports

Annual and interim reports for download

Read more