Nordic Investment Bank

Unverified
XFID Unique Identifier for Nordic Investment Bank: XO0E641ZR3
Country
XX
Sector
Multilateral DB
Website
www.spglobal.com
4 Second Party Opinions
2 Frameworks

XF Company Profile

Extra-financial information found across 6 documents in the XframeworkID registry

NACE U Extraterritorial Organisations

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Nordic Investment Bank, Finland SPO 2025 2025
Issuer sector/industry classification
Financial services SPO 2025 2025
Issuer type
Bank SPO 2025 2025

Corporate Strategy & Mission

Corporate mission and sustainability strategy
Promotion of productivity gains and environmentally friendly investments; climate and environment friendly investment SPO 2018 2018

Green / Sustainable Finance Framework

Sustainable bond framework name and version
NIB Environmental Bond Framework FRAMEWORK 2019 2019
Bond types covered under framework
Environmental bonds FRAMEWORK 2019 2019
Framework publication date and update history
October 2019 FRAMEWORK 2019 2019
Eligible use-of-proceeds categories
Climate and environment friendly projects promoting low-carbon and climate resilient economy SPO 2018 2018
Project evaluation and selection process description
Formal process for project evaluation and selection with governance processes to select, manage and report on projects effectively and transparently SPO 2018 2018
Management of proceeds approach
Structured management including funding profile, refinancing, increases and buy-backs, coupon payments, redemption, liquidity warehousing, and loan repayment FRAMEWORK 2019 2019
Reporting commitments under framework
Project monitoring and reporting commitments FRAMEWORK 2019 2019

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Conceptually aligned with Green Bond Principles, ICMA, 2025 SPO 2025 2025
Alignment with ICMA Social Bond Principles or Sustainability Bond Guidelines
Adheres to ICMA's Sustainability-Linked Loans financing Bonds Guidelines (SLLBG), 2024 (with June 2025 Annex) SPO 2025 2025

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
S&P Global Ratings, September 10, 2025 SPO 2025 2025
SPO assessment scope and methodology
Assessment of whether documentation aligns with ICMA Sustainability-Linked Loans financing Bonds Guidelines and Green Bond Principles; opinion on how issuer's material sustainability factors are addressed SPO 2025 2025

Changes Over Time

Items where disclosed information changed across documents.

Sustainable bond framework name and version
2014 Environmental Bond framework →
2025 Sustainability-Linked Loans financing Bond Framework
Bond types covered under framework
2014 Green Bond →
2018 Environmental Bonds →
2019 Green bond (Environmental Bond) →
2024 Green Bond →
2025 Sustainability-Linked Loans financing Bonds
Project evaluation and selection process description
2018 Process for Project Evaluation and Selection documented in section 1 →
2018 Initial project screening includes qualitative and quantitative environmental impact ratings at sector and project level. Impact assessed and reported before and three years after implementation, quantitatively and qualitatively. →
2019 Process for Project Evaluation and Selection outlined in framework section 1
Management of proceeds approach
2018 Documented approach including funding profile, re-financing, increases and buy-backs, coupon payments, redemption, liquidity warehousing, and NEB loan repayment →
2019 Includes funding profile, refinancing, increases and buy-backs, coupon payments, redemption, liquidity warehousing, and NEB loan repayment
Use of proceeds categories
2018 Environmental projects (specific categories covered in section 2) →
2019 Environmental projects (Use of Proceeds section detailed in framework)
Core business activities
2018 Climate and environment friendly investment for member countries →
2024 Finance environmental improvements, climate transition, and marine protection
Corporate mission and sustainability strategy
2018 Two-part organizational mandate to promote productivity gains and environmental benefits for member countries through environmentally friendly investments →
2024 Explicit mandate to finance environmental improvements with focus on climate transition and marine protection
Framework publication date
2018 2018 →
2025 2025-09-10
Second Party Opinion provider name
2018 CICERO →
2024 S&P Global Ratings
SPO assessment date
2018 December 4, 2018 →
2024 August 30, 2024 →
2025 2025-09-10
SPO assessment scope
2018 Evaluation of Environmental Bond Framework alignment with climate and environment friendly investment principles, governance procedures, project selection, management and reporting processes →
2024 Alignment of sustainable finance instrument documentation with third-party published sustainable finance principles and material sustainability factors

Document Updates

What changed between successive versions of documents.

2018 → 2019

The two versions of the NIB Environmental Bond Framework are nearly identical in structure and substantive content. Both documents present the same framework, processes, and governance mechanisms for NIB Environmental Bond issuance. The only discernible difference is a minor wording change in the final sentence where "rec" in the 2018 version appears to be completed as "receive" in the 2019 version, which represents a negligible correction rather than a material policy change. No substantive modifications were made to use of proceeds categories, eligibility criteria, climate targets, standards alignment, exclusion criteria, or reporting commitments between these versions.