Contributing to the goals

To generate positive environmental impact, NEFCO finances projects related to green growth and climate actions. By focusing on small and medium-sized environmental projects with tangible results, we help our owners, financing partners and beneficiaries reach their environmental and sustainable development goals.

Goal 6: Clean water and sanitation

NEFCO has financed a number of projects related to wastewater management through its Investment Fund and dedicated trust funds, primarily projects that reduce discharges of nutrients into the Baltic Sea. Apart from addressing the removal of nutrients from wastewater, we assess other environmental threats such as the abundance of pharmaceuticals and persistent organic pollutants, and how to reduce such substances in wastewater.

More on our wastewater projects

Goal 7: Affordable and clean energy

A significant part of our financing operations relates to energy efficiency and renewable energy. We have facilitated and implemented various projects in Eastern Europe and Ukraine, in particular, improving energy security and helping the countries reach their emission targets. Energy-related projects have also been realised through the Nopef funding instrument, the Climate Funds, and the Arctic and Barents regional programmes.

More on our energy projects

SDG9: Industry, innovation and infrastructure

NEFCO enables the internationalisation and scaling-up of Nordic green companies through both Nopef and its global mandate. These projects focus on innovative solutions that help industries or service providers to save or utilise resources more efficiently, and reduce pollution. In industrial projects, we attach great importance to resource efficiency that can translate into efficient use of raw materials such as metals, chemicals and water.

Nordic green solutions going global

Goal 13: Climate action

NEFCO contributes to climate mitigation and adaptation in many of its activities. Our energy-efficiency, renewable energy and Climate Fund projects have a direct impact on greenhouse gas emissions. Article 6 has lead us to projects in waste management in, e.g., Peru. By financing feasibility studies and demonstration projects in the Arctic and Barents regions, we pave the way for the implementation of BAT-BAP policies and larger-scale impact.

More on our climate projects

Goal 17: Partnership for the goals

NEFCO works in close cooperation with donors, other financial institutions and customers to create blended finance opportunities, catalyse funds and projects, and enable projects to be implemented utilising best practices from the Nordic countries. We provide risk financing for small projects, growth-phase companies and risky geographical areas, thus supplementing financing offered by the larger IFIs and other financiers.

More on how we mobilise funds

Goal 8: Decent work and economic growth

Internationalisation of Nordic small and medium-sized companies contributes to green growth and increased employment. We emphasise Nordic values, company culture, CSR regulations and equality in the project countries. Climate related projects in emerging markets help to improve working conditions and economic growth. Through our global mandate we can offer risk capital to Nordic companies seeking to scale up their operations globally.

How we promote sustainable growth

Goal 12: Responsible consumption and production

The Cleaner Production Facility facilitates projects to reduce industrial pollution through efficient resource and energy utilisation in the public and private sector in Eastern Europe. The on-lending programmes for banks promote more sustainable habits among consumers. We also finance Nordic companies going global with solutions for sustainable production methods and use of natural resources in, e.g. the food industry and plastics recycling.

More on cleaner production

Goal 14: Life below water

The ecological state of the Baltic Sea has been a main priority since NEFCO was established by the Nordic countries. BSAP Fund projects are aimed at reducing discharges of phosphorus and nitrogen mainly from wastewater treatment plants and agriculture. We also work in close cooperation with HELCOM. Investment projects related to fish farming and new ways of protein production contribute to combatting overfishing and pollution.

Keeping our waters healthy

Goal 15: Life on land

By facilitating and implementing environmental projects such as waste management, pollution reduction and improved forestry management, NEFCO also contributes to improved conditions for life on land. Several Projects in the Arctic and Barents region have a strong emphasis on biodiversity.

More on how we contribute

Goal 11: Sustainable cities and communities

Investments in the public sector, e.g. in energy-efficiency, district heating and street lighting, as well as water and waste management contribute to the goal of creating safer, healthier and more sustainable cities and communities and prosperity for their inhabitants. NEFCO-financed projects enable municipalities and cities to utilise Nordic solutions based on best practices and technologies.

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Common goals for a better world

The Sustainable Development Goals are the blueprint to achieve a better and more sustainable future for all. The goals address the global challenges we face, including those related to poverty, inequality, climate, environmental degradation, prosperity, peace and justice.

At NEFCO, we do our best to, together with our owners, partners and customers, contribute to these goals.

Read more about the sustainable development goals on the UN website. 

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