BASE: The Baltic Sea Environment, a financing facility established by NIB in 2008
BoD: Board of Directors
BoG: Board of Governors
BSAP: Baltic Sea Action Plan
CC: Control Committee
CEB: Council of Europe Development Bank
CCO: Chief Compliance Officer
CEO: Chief Executive Officer
CLEERE: The Climate Change, Energy Efficiency and Renewable Energy, a facility, established by NIB in 2008
ECB: European Central Bank
EBRD: European Bank for Reconstruction and Development
EIB: European Investment Bank
EPE: European Principles for the Environment
GRI: Global Reporting Initiative, a network-based organisation behind the sustainability reporting framework, the GRI Sustainability Reporting Framework
HELCOM: The Helsinki Commission, intergovernmental cooperation between Denmark, Estonia, the European Union, Finland, Germany, Latvia, Lithuania, Poland, Russia and Sweden to protect the marine environment of the Baltic Sea from pollution
Helsinki Convention: The Convention on the Protection of the Marine Environment of the Baltic Sea Area, of which HELCOM is the governing body
IFI: International Financial Institution
IAS 39: Standard for the accounting of financial instruments. Under IAS 39, all derivatives are recognised on the balance sheet, and a greater number of financial instruments on the balance sheet are carried at fair value.
IMF: International Monetary Fund
MIL: Environmental investment loan facility. Loans granted by NIB for the financing of environmental projects in the neighbouring region of the member countries.
NACE: Statistical Classification of Economic Activities in the European Community (from the French, Nomenclature Générale des Activités Economiques dans l’Union Européenne). It is the European standard for industry classifications. The current version of the code system is based on the “International Standard Industrial Classification of all Economic Activities” (ISIC) of the United Nations.
NDEP: Northern Dimension Environmental Partnership
NDPTL: Northern Dimension Partnership on Transport and Logistics
NDF: Nordic Development Fund
NEB: NIB Environmental Bonds
NEFCO: Nordic Environment Finance Corporation
NSFR: Net stable funding ratio
NRF: NIB Refinancing Facility. Temporary lending facility established in 2011 in response to the effects of the financial crisis in its member countries.
LCR: Liquidity coverage ratio
LGD: Loss given default
PD: Probability of default
PIL: Project investment loan facility. Loans intended for emerging markets and transition economies and constituting the core of NIB’s lending in non-member countries.
VaR: Value at Risk