A green project portfolio that spans the globe
Nefco’s guiding principles are the financing of environmentally beneficial solutions and projects and supporting the global scaling of these endeavours. Nefco is financing environmental projects on six continents to accelerate the shift to green. Currently, there are over 300 active projects in Nefco’s globe-spanning portfolio, including investments made from its own capital and trust fund projects. Investments are financed with loans and equity through Nefco’s paid-in capital. Trust fund projects are financed with soft loans, grants and results-based financing through contributions from various donors.
Guided by the EU Taxonomy environmental objectives, many of these activities are related to climate change mitigation. The number of projects dealing with the transition to a circular economy has also increased.
Other green projects encompass climate change adaptation; pollution prevention and control; sustainable use and protection of water and marine resources; and protection and restoration of biodiversity and ecosystems.
Nefco primarily finances these sectors: transportation and e-mobility; food, agriculture and forest; manufacturing and materials; circular economy; waters, seas and oceans; and energy and energy efficiency.
To fulfil our task, we work in three business areas, where we:
- provide financing to small and medium sized enterprises (SMEs) based in the Nordics whose green solutions have the potential to scale globally,
- help municipalities in Eastern Europe to become greener,
- seek to protect and improve the ecological status of the Baltic Sea through piloting new technologies, solutions or concepts, and
- incentivise business models to increase access to clean off-grid energy and modern cooking solutions in Sub-Saharan Africa.
Number of projects per environmental driver in the active portfolio at the end of 2023
Funds committed per environmental driver in the active portfolio at the end of 2023
