This report has been commissioned by the Nordic Working Groups for Environment and Economics (NME) and Biodiversity (NBM) based on an order by the Committee of Senior Officials for the Environment and Climate. The report has been prepared by Norion Consult in cooperation with The Biodiversity Consultancy. The team responsible for drafting the report consisted of Rikke Fischer-Bogason, Elvira Borgman, Amalie Engelbrecht Hansen, Alma Møller Nielsen (all from Norion) and Leon Bennun from The Biodiversity Consultancy.
The report presents an assessment of how the Nordic financial institutions NEFCO (Nordic Environment Finance Corporation), NDF (Nordic Development Fund) and NIB (Nordic Investment Bank) tackle issues related to biodiversity in their operations. The analysis covers methods applied by the institutions to promote biodiversity in their activities. Additionally, information is provided regarding how the banks take into account nature-based solutions and the EU taxonomy rules in their activities. The report concludes that the Nordic financial institutions are well advanced with regard to biodiversity issues but there is still a potential to increase their efforts in this field.
Comments and inputs to the report have been provided by Members of the Nordic Working Groups for Environment and Economy (NME) and for Biodiversity (NBM) during the preparation of the report. The authors of the report are responsible for the content as well as the assessments and recommendations, which do not necessarily reflect the views and the positions of the governments in the Nordic countries.