Nordic Investment Bank (NIB) is a multilateral financial institution that operates in accordance with commercially sound banking principles. The bank was founded by the five Nordic countries of Denmark, Finland, Iceland, Norway and Sweden. Membership was broadened at the beginning of 2005 when Estonia, Latvia and Lithuania joined as shareholders.

Operations are governed by an international agreement among the member countries and statutes pertaining thereto. NIB finances projects that improve the productivity and environment of the Nordic and Baltic countries.

NIB has an explicit environmental mandate from its owners to promote environmentally sustainable projects. The Sustainability Policy will be updated during 2021. In December 2019, NIB became a signatory to the Principles for Responsible Investment for its treasury activities, the Principles for Responsible Banking for its lending operations and the Task Force on Climate-related Financial Disclosures.

In 2011, NIB introduced the NIB Environmental Bond Framework, which allows investors to provide funds for the bank’s environmental lending. Under this framework, NIB can issue Environmental Bonds and Blue Bonds. Blue Bonds specifically focus on investments within water-resource management and protection.

In response to COVID-19, NIB issued NIB Response Bonds under its NIB Response Bond Framework, the proceeds of which are used to finance projects that alleviate the social and economic impact of the pandemic.

SUSTAINABILITY OBJECTIVE OF GSS BOND PROGRAMME
Proceeds are used to finance projects that benefit the environment and support the transition to a low-carbon economy.

PUBLIC ISSUER ESG RATINGS/SCORES

Jens Hellerup
Senior Director, Head of Funding and Investor Relations
+358 9 6181 1401
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www.nib.int