NIB signs up to green project financing initiatives
The Nordic Investment Bank has signed up for the Principles for Responsible Investment (PRI), the Principles for Responsible Banking (PRB) and the Task Force on Climate-related Financial Disclosures (TCFD).
NIB says that joining these three initiatives "is a natural step given that its mission is to finance projects that improve productivity and benefit the environment of the Nordic and Baltic countries".
The PRI is an investor initiative that works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.
The PRB provide a framework for accelerating the banking industry’s contribution to achieving the aims set out in the UN Sustainable Development Goals and the Paris Climate Agreement. And the TCFD develops climate-related financial risk disclosures for companies in providing relevant information to investors, lenders, insurers, and other stakeholders.
