NIB at COP29

Implementing effective, collaborative climate strategies: What banks can achieve

Climate strategies for banks: Best practices

The Nordic Investment Bank is joined by two banks for an informal dialogue on climate strategies for banks and how they are starting to impact their banking operations and their relationships with clients in key sectors. This session showcases real-world examples of how climate strategies and climate risks considerations are changing the way banks extend credit to the real economy.

When: 14 November 2024 – 10:00-10:45 local time / 08:00-8:45 EET

Where: The Nordic Pavilion at COP29

Watch the webcast: Live-stream from COP29 | Nordic cooperation

Speakers:

• Tinna Hallgrímsdóttir, Climate Risk and Sustainability Specialist, Central Bank of Iceland
• Nasser Malik, Managing Director, Corporate Bank Head, Sustainability and Corporate Transitions
• Luca De Lorenzo, Head of Sustainability & Mandate at NIB, speaker and moderator

---

Exploring innovative Nordic solutions to accelerate the green transition

Nordic climate solutions

The Nordic Investment Bank and its clients lead the way in creating and implementing innovative climate solutions to meet the goals of the Paris Climate Agreement. This session showcases real-world examples of sustainable development from the Nordic-Baltic region accelerating progress toward a carbon-neutral future.  

When: 14 November 2024 – 11:00-11:45 local time / 9:00-9:45 EET

Where: The Nordic Pavilion at COP29

Watch the webcast: Live-stream from COP29 | Nordic cooperation

Speakers:

• Martin Pei, CTO & EVP, SSAB
• Arna Pálsdóttir, Head of Resource Innovation, Reykjavík Energy
• Pia Tanskanen, Head of Environment, Nokia Corporation
• André Küüsvek, President and CEO of NIB

Moderator: Jukka Ahonen, Head of Communications at NIB

---

UNFCCC offical event

Nordic perspectives: Paving the way to mobilise climate finance 

Nordic countries have a long tradition of supporting climate finance and advancing the green transition. This event explores the best climate solutions in finance both in the region and beyond.  NIB, NDF and Nefco pave the way towards a more sustainable world with Nordic financing solutions. 

Event focus 

The event will foster dialogue on Nordic perspectives in climate finance, structured in two parts. The first dialogue of the session focuses on the green transition in the region, highlighting the Nordic countries’ examples of the green transition is achievable through policies and innovation, leading to a decoupling of emissions from economic growth. By pioneering the “polluter pays” principle, promoting renewable energy, and establishing green financing structures, the Nordics demonstrate that environmental stewardship and economic growth can coexist. 

The second segment of the event will focus on climate financing beyond the Nordics and the global impact. Given the serious shortfall in climate finance, more efficient mechanisms are needed to mobilise investments, especially in emerging and developing markets. We will present our activities and funding sources—from international public finance to private sector finance—and how these can be blended to achieve climate adaptation and mitigation goals. 

When: 15 November 2024 – 18:30-20:00 local time / 16:30-18:00 EET

Where: UNFCCC Side Event 1

Speakers:

• Satu Santala, Managing Director of Nordic Development Fund 
• André Küüsvek, President of Nordic Investment Bank  
• Ash Sharma, Vice President, Green Transition Special Funds, Nefco
• Valerie Hickey, Global Director for Environment, World Bank 
• Sherri Ombuya, Climate Policy Researcher at Perspectives Climate Research 

Moderator: Jukka Ahonen, Head of Communications at Nordic Investment Bank

NIB at Coalition of Finance Ministers for Climate Action

The Coalition of Finance Ministers for Climate Action will hold its Ministerial Meeting during the Finance Day at COP29 to discuss challenges and best practices for mobilising investment and financing for nationally determined contributions implementation, and how coordination mechanisms like country platforms can support finance ministries in this effort. Additionally, finance ministers will share insights on investment plans and strategies for mobilizing mitigation and adaptation financing.

NIB President and CEO André Küüsvek will attend the meeting as an observer.

In 2021, NIB became an institutional partner of the Coalition of Finance Ministers for Climate Action, bolstering the coalition’s efforts to develop and execute climate-focused policies.