Case Nordic Roadmap for Circular Financing

The Transition Group for Circular Finance, by NCH and RISE, has worked together with a coalition of key financial actors from across the Nordics to lead the sector as it navigates the challenges associated with financing circular ventures. This initiative responds to the urgent need to transition to a circular economy to combat climate change and environmental crises.

The roadmap is divided into three themes:

• Knowledge and Capacity Building: This theme aims to enhance understanding of the circular economy among financial actors through international collaboration and regulatory engagement.
• Debt Financing: The goal here is to integrate circular assessments into banks’ risk-reward frameworks and credit processes.
• Equity Financing: This theme seeks to incorporate circular due diligence into investment processes.

Anne Raudaskoski, Ethica & Nordic Circular Hotsport was part of the knowledge team together with Lukas Hallquist, RISE; Marvin Nusseck, Circle Economy, Olli Kuismanen, Tampere University.

“The work with the roadmap has been a rewarding journey. We have engaged stakeholders both from the banking sector and from the investment sphere and we are now very happy to be able to share the joint results of our work. This roadmap is the first and very important step to accelerate circular financing in the Nordics. Let’s continue this journey together!”

-Leader of the roadmap process, Ann-Charlotte Mellquist from RISE