How we work
The Nordic Environment Finance Corporation (NEFCO) is an international financial institution (IFI) governed by its constituent documents: the Agreement between Denmark, Finland, Iceland, Norway and Sweden concerning NEFCO, the Statutes of NEFCO as well as the Host Country Agreement between the Government of Finland and NEFCO. Each Nordic country has endorsed the Agreement on NEFCO in accordance with its respective national procedures.
As an IFI, NEFCO has the status of an international legal person with full legal capacity to enter into agreements; to acquire and dispose of immovable and movable property; and to be a party to legal proceedings. As an international legal person, NEFCO is not entered into the trade register in any of the owner countries.
In its governance principles, NEFCO promotes sustainability, equality, transparency, predictability, accountability and responsibility.
In addition to the constituent documents, NEFCO’s activities are governed by a number of policies and guidelines adopted by NEFCO’s Board of Directors or the Managing Director.
Our publicly available policies and guidelines can be found in the file listing below. These include policies and guidelines for
- What kind of information is publicly available (Public Information Policy)
- How we evaluate environmental and sustainability impact
- Procurement activities in our projects
- How we fight against corruption
- Our staff