Photo: Jussi Ratilainen

Nefco (Nordic Environment Finance Corporation) is an International Financial Institution (IFI) owned by the Nordic countries, Denmark, Finland, Iceland, Norway and Sweden.

We are committed to ensuring that our funds are used only for the intended purposes and in line with international standards and best practices. We seek to promote high ethical standards both within Nefco and in all our operations.

Therefore, it is important that all entities and individuals, including customers, beneficiaries and partners, involved in Nefco-financed projects, are aware of the checks and controls that all entities receiving financing from Nefco have to go through.

This overview document presents in brief the compliance and ethics requirements in Nefco-financed projects, including practical examples of practices that are unacceptable.

This document is intended for all entities and individuals involved in Nefco-financed projects. It provides a brief overview of the checks and controls that all entities that receive Nefco financing have to go through.

All Nefco-financed projects must be compliant with Nefco’s policies, rules and guidelines as well as local legislation.

Please note that this document is not an exhaustive representation of our policies. Nefco’s policies, rules and guidelines are available in full on our website:

This document does not construe any legal obligation as it is not a legally binding document that establishes rights and obligations.