NIB opens public consultation on defence financing

The Nordic Investment Bank’s Board of Directors today approved the start of a 30-day public consultation on changes to the NIB Sustainability Policy Exclusion List. The proposed revision permits NIB to finance conventional weapons and ammunition, while excluding producers of controversial weapons.This decision follows a request by the Nordic and Baltic owner governments. In March 2024 the governments asked NIB to focus on mobilising finance for climate and nature, productivity and innovation, as well as consider ways to support security and resilience. Consequently, NIB updated its