Nefco
International finance institution
title: "Nefco" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["financial-services-companies-established-in-1990", "companies-based-in-helsinki"] description: "International finance institution" topic_path: "general/financial-services-companies-established-in-1990" source: "https://en.wikipedia.org/wiki/Nefco" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::summary International finance institution ::
::data[format=table title="Infobox company"]
| Field | Value |
|---|---|
| name | Nefco - the Nordic Green Bank |
| logo | Nefco Logo Green.png |
| logo_alt | Nefco's logo |
| former_name | Nordic Environment Finance Corporation |
| type | International financial institutions |
| industry | Financing |
| hq_location | Helsinki, Finland |
| key_people | Trond Moe, Managing Director |
| aum | €598 million |
| owner | The five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden |
| website | |
| :: |
| name = Nefco - the Nordic Green Bank | logo = Nefco Logo Green.png | logo_caption = | logo_alt = Nefco's logo | former_name = Nordic Environment Finance Corporation | type = International financial institutions | industry = Financing | hq_location = Helsinki, Finland | key_people = Trond Moe, Managing Director | aum = €598 million | owner = The five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden | website =
Nefco - the Nordic Green Bank (or the Nordic Environment Finance Corporation) is an international finance institution. Nefco was established by the Nordic governments Denmark, Finland, Iceland, Norway and Sweden in 1990. In Eastern Europe, Nefco primarily finances municipal projects. Additionally, Nefco works with several green initiatives from the Arctic to Africa. Nefco is headquartered in Helsinki.
Nefco has a broad range of projects spread across different sectors, including: chemical, mineral and metals, food and engineering, agriculture, water treatment, power utilities, municipal services, waste management, nuclear remediation, environmental management and environmental equipment manufacturing.
To provide the capital necessary to support projects, Nefco works with its own paid-in capital and a series of different funding bodies. Nefco manages a number of trust funds and facilities such as the Nordic Project Fund (Nopef), the Arctic Council's Project Support Instrument, the HS Barents Hot Spots Facility, Beyond the Grid Fund for Africa, and a range of funds of the Governments of the Nordic countries. Nefco also implements projects funded by various public programmes of the European Union, along with multilateral development programmes such as the Eastern Europe Energy Efficiency and Environment Partnership (E5P) and the Northern Dimension Environmental Partnership (NDEP).
Nefco-funded projects are usually run in partnership with the enterprise or organisation that 'owns' the project. Emphasis is placed on direct investments from, for example, public-private partnerships and corporate public services.
Activities in Russia and Belarus
The European Union sanctioned various Russian companies and individuals in 2014 after the Russian annexation of Ukraine's Crimean peninsula. Nefco winded down most of its cooperative projects. After the disputed Belarusian election in 2020 and the sequential protests, no new projects were funded in Belarus.
Following the full-scale Russian invasion of Ukraine in 2022, Nefco suspended the last remaining projects in the Russian Federation.
References
References
- "About Nefco".
- "Nopef – Helping Nordic green solutions to global markets".
- (2022-12-15). "The EU provides EUR 50 million to repair critical infrastructure as part of Nefco’s green recovery activities in Ukraine".
- "European Fund for Sustainable Development Plus (EFSD+)".
- "E5P Grant Agreement signed for NEFCO’s Energy Efficiency project in Georgia".
- "E5P Implementing Agencies". EASTERN EUROPE ENERGY EFFICIENCY AND ENVIRONMENT PARTNERSHIP.
- "EU sanctions and projects in Belarus and Russia".
- "EU sanctions and projects in Belarus and Russia".
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