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2024 marked the hottest year on record so far. Urgent climate action is needed through global cooperation, as the most vulnerable regions and people in the world are already bearing the brunt of climate change.

We work together with our strategic partners to advance sustainable and climate-resilient societies. Through continuous efforts to assess our impact and results, we aim to improve our approaches and systems to ensure we reach those who need support the most. In our fourth edition of the Results Report, we showcase a glimpse into the people, projects and partners driving high-impact climate initiatives and what has been achieved through our co-financing.

“2024 marked my first year as NDF’s Managing Director. During the year, the NDF Board approved seven new projects, with a total volume of EUR 70 million,” says Satu Santala, NDF’s Managing Director. “We have remained committed to co-financing impactful climate adaptation and mitigation projects across both the public and private sectors, which has been made possible through our valuable partnerships,” she continues.

Nordic collaboration for climate action

In 2024, we contributed to mobilising EUR 1.3 billion in additional climate finance, supported over 66,000 jobs, and increased access to clean energy for close to 32 million people, with half being women.

In addition to showcasing our results, we also share the stories behind the data. We highlight the Nordic collaboration in financing early warning systems, our partnerships that support climate adaptation and resilience efforts on the West African coast, and locally-led investments in clean energy.

The results presented in Results Report 2024 have been collected and analysed by applying our Results Management Framework (RMF). Serving as a cornerstone of our impact measurement approach, it helps us capture outcomes of our diverse project portfolio, addressing complex climate and development challenges.

Spotlight on gender equality

Climate change is far from being gender neutral. Around the world, women and girls are disproportionately impacted, often facing heightened risks and deeper inequalities. At NDF, we are committed to ensuring that every project we finance applies a gender lens, addressing the unique challenges women and girls encounter in the face of climate change.

As in previous years, we continue to spotlight gender equality as a priority theme. This year’s focus on gender and inclusion reflects a shared Nordic value, emphasising that climate action must be inclusive and equitable.

Informed by our results, we continue to be the channel for Nordic collaboration on the global stage, where the need to mobilise additional climate finance and to improve the quality of the support for people and the planet is getting more urgent by the day.

“We at NDF continue to contribute tangible benefits to people and the planet with our innovative finance instruments, common Nordic values, global partnerships and a high ambition, as an early-stage catalyst and proactive co-creator,” says Satu.