Environmental and Social Considerations
When receiving an insurance application for a project, NEXI makes sure if a proponent of the project is taking into account its environmental and social impacts. NEXI determines whether the environmental and social considerations in the project are appropriate and sufficient based on the Guidelines on Environmental and Social Considerations in Trade Insurance the Guidelines（PDF File／129KB）.
Outline of the Guidelines
An insurance applicant for a project with a repayment period of two years or more is required to submit a Screening Form（PDF File／50KB / WORD File／77KB）that can be filled out by simply making selections.
(2) Category Classification
The Screening Form filled and submitted by the applicant is used to categorize the project either as A, B or C, based on its impact on the environment. The Category A and B projects are subject to environmental review.
(3) Environmental Review
(4) Ensuring the Environmental and Social Considerations
If the results of the environmental review show that the project might have a significant adverse impact on the environment, NEXI will encourage the project proponent (indirectly through the insurance applicant or exporter) to take into account the environmental and social considerations. If the considerations are insufficient, NEXI may refuse to conclude the insurance contract.
Even after concluding the contract, the insured (or exporter) is required to inform NEXI about the results of monitoring for a certain period of time（PDF File／16.4KB）.
(5) Disclosure of Information about Environmental and Social Considerations
Within the limits of commercial confidentiality, NEXI will disclose the following information in Japanese and English on NEXI’s website.
(6) Ensuring Compliance with the Guidelines
In order to ensure NEXI’s compliance with the Guidelines, NEXI accepts objections regarding its non-compliance and takes the necessary actions.