🇫🇮 NIB’s revised Sustainability Policy allows increased defence financing
After a 30-day public consultation, NIB’s revised Sustainability Policy came into effect on 12 July 2025. The updated NIB Sustainability Policy Exclusion List now permits the Bank to finance conventional weapons and ammunition, while excluding producers of controversial weapons.
This change follows a request by the Nordic and Baltic owner governments, which in March 2024 called on NIB to focus on mobilising finance for climate and nature, productivity and innovation, as well as consider ways to support security and resilience.
In July 2024, NIB updated its Sustainability Policy to allow financing for defence-related projects, excluding manufacturers of weapons and ammunition. The revision in July 2025 is a further step to strengthen the security and defence capabilities in the region.
Following approval by the Board of Directors, a public consultation on NIB Sustainability Policy Exclusion List was conducted between 12 June and 12 July.
NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.
Contacts:
Luca De Lorenzo, Vice-President, Head of Sustainability & Mandate,
+358 10 618 0297, [email protected]
Jukka Ahonen, Senior Director, Head of Communications, +358 10 618 0295, [email protected]
Originally published on 14 July by Nordic Investment Bank.
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