Legal framework and policy documents
The Nordic Environment Finance Corporation (NEFCO) is 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. These establish that NEFCO is the Nordic countries' common International Financial Institution having the same status as other legal persons conducting similar operations within and outside the Nordic countries.
Furthermore, the constituent documents stipulate that NEFCO has the status of an international legal person with full legal capacity, define the immunities and privileges of NEFCO and its personnel, and set out the structure for the governance of NEFCO.
The Agreement on NEFCO has been endorsed by each Nordic country in accordance with their respective national procedures. As an international legal person, NEFCO is not entered into the trade register in any of the owner countries.
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, some of which are made available here.