Nordic Environment Finance Corporation (NEFCO) is an international financial institution established by the five Nordic countries. NEFCO finances investments and projects primarily in Russia, Ukraine, Estonia, Latvia, Lithuania and Belarus, in order to generate positive environmental effects of interest to the Nordic region.

Nimiö has been working with NEFCO since 2009. In addition to the financial matter, the bilingual annual report for 2010 presents case studies of NEFCO’s projects. Photography was commissioned from photo documentarist Patrik Rastenberger.