Our task is to accelerate the green transition by financing Nordic green solutions that have the potential to be scaled up on global markets. By offering risk capital to small and medium-sized projects, we are ready to take financial risks if a project has a scalable green upside. In addition to our own capital, the Investment Fund, we manage several trust funds on behalf of various donors to support environmental and climate-related projects.

We focus on practical project financing with a ‘bottom-up’ approach, processing a large number of projects by private companies, public entities and other organisations. We work in three business areas:

Since the beginning of 2021, Nefco has adopted the EU Taxonomy for sustainable investments framework as its primary classification system to identify investment projects. Projects are categorised based on whether the economic activity is eligible and aligned. Based on a preliminary assessment, 76% of Nefco’s investment portfolio in 2021 was Taxonomy eligible.

active projects

ended projects

new green projects

At the end of 2021, Nefco had a total of 400 active projects in its portfolio. This number includes investments made from our own capital and trust fund projects. During the year, 59 projects ended and 91 new ones were agreed.

The majority of the projects in the active portfolio are related to climate change mitigation, mainly through energy efficiency measures or the production of renewable energy. The number of projects related to the sustainable use and protection of water and marine resources, pollution prevention and circular economy is increasing.

Read more about our portfolio and the EU Taxonomy assessment in Nefco's Environmental & Sustainability Report 2021

Download Nefco's Environmental & Sustainability Report 2021