Small steps to greater impact

Our objective is to generate positive impact on the climate and environment in a cost-efficient way. Both private and public actors benefit from our catalytic financing and environmental expertise. We focus on small and medium-sized projects with both tangible results and demonstration value. Through our operations we contribute to Agenda 2030 and help our stakeholders to reach the Sustainable Development Goals.

Our environmental criteria and guidelines

We welcome project proposals aimed at generating positive environmental or climate-related results. How does your project fit the criteria?

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Main activities and results in 2019

Look at NEFCO’s highlights in our digital Annual Review, which includes activities, development steps and results.
For a more comprehensive view on our financial statements, select the Annual Report file under publications.

Go to Annual Review 2019

How small steps can create greater impact

Focus on projects with high demonstration value

Our financing is targeted at small and medium-sized private and public projects (SMPs) with demonstration value. Many of the numerous SMPs financed by NEFCO are characterised by a pioneering spirit and aimed at testing the application of Nordic green solutions with upscaling possibilities in local, non-Nordic circumstances. Projects with a high demonstration value have the potential to grow and generate environmental impact that is orders of magnitude greater than our investment. The ultimate goal is to find solutions that benefit the environment and climate in a cost-efficient way.

Providing high additionality

By connecting stakeholders and various financiers to relevant projects, we can provide high additionality and help our owners, other financiers, partners and customers to reach their environmental and sustainability goals.

Our risk financing for small projects, growth-phase companies and risky geographical areas supplements financing offered by the larger IFIs and other financiers. We also facilitate hands-on environmental advice and capacity building to enable our customers and beneficiaries to become better at mobilising additional finance.

Our environmental criteria and guidelines

We welcome project proposals aimed at generating positive environmental or climate-related results. Each and every project enquiry and application sent to us is assessed from an environmental point of view by our team of environmental experts.

Projects improving the ecological situation in the Baltic Sea, the Barents and the Arctic regions are of special interest to NEFCO. We are also willing to invest in projects that help to boost the implementation of Nordic green solutions on a global scale. We prioritise projects, which generate positive environmental or climate-related impact not only in the project country but also for the Nordic region as a whole.

Read more about our environmental criteria and guidelines >>

Our impact

The projects we have financed have contributed to both emission reductions and cost savings for the beneficiaries.

6.72 m t

equals the emissions from all cars in Finland at annual average mileage

1.1 TWh

Energy savings equalling annual heating of 50.000 detached houses


People benefitting from our municipal projects in Ukraine

Wish to know more? Anything to report?

Contact our expertise or report about a possible problem related to environmental matters in a project financed by or through NEFCO.