NDF - Financing for climate change and development projects

Strong results for NDF in 2017 - Summary report published

Photo: Kamila Koziol/Alamy

The report confirms NDF’s results to be highly satisfactory at all levels.

NDF results 2017 - Summary report

The report summarising NDF’s results during 2017 has been published. The report profiles NDF’s activities and results during 2017 based on the Results-based Management Framework, and with focus on results at the institutional level, at the portfolio level, and for individual projects. The report confirms NDF’s results to be highly satisfactory at all levels.
Institutional results show a good alignment of NDF operations with the Sustainable Development Goals, particularly on SDG13 on climate action, SDG1 on no poverty, as well as a strong focus on gender equality in line with SDG5. During 2017, NDF has also systematically worked towards an enhanced and comprehensive strategic compliance. This is seen in the nature of new operations which now strongly support all of NDF’s key strategic priorities, such as catalytic impact, innovations, private sector development, as well as a focus on early phases of project development. In addition, NDF has further strengthened its focus on Africa during 2017.
During 2017, NDF has also striven to increase the impact of NDF financing through developing new business models, by increasing and developing the use of blended financing instruments, by strengthening linkages between preparatory financing and follow-up investments as well as by finding new ways to support action on emerging issues related to climate change. A key activity during 2017 has also been the strengthening and development of Nordic Climate Facility, which has documented strong results and impact during the year. These results are profiled in a separate report.
A major development and a new feature in 2017 was the work towards the establishment of the Energy and Environment Partnership (EEP) Trust Fund for Eastern and Southern Africa under NDF management. The trust fund entails that NDF will, for the first time ever, assume the responsibility to manage funds of other financing partners.
Thanks to NDF-funded projects completed during 2017, more than EUR 150 million was mobilised in co-financing. Among other results, more than 200,000 people now have improved access to clean energy, and more than 115,000 people are now less vulnerable to climate hazards. Approximately 81 % of the on-going projects are classified as either highly satisfactory or satisfactory in their performance.
Leena Klossner, Vice President and Deputy Managing Director, states that NDF is very pleased with the overall results of NDF and the strengthened NDF which has been able to answer to the needs of climate and development-focused financing through the gradual operational transformation that has taken place at NDF. “The positive results form a very good foundation for NDF to continue to further improve its relevance and focus,” she says.