Review of environmental and social impacts

Environmental and social aspects are playing an increasingly larger role in our society. It is therefore that with effect from 1 July 2001 the Dutch government has decided that it will only reinsure export transactions and investments if the export or project that the export is part of does not, in its opinion, have an unacceptable environmental and social impacts on the country of destination.

Atradius therefore performs a review of environmental and social impacts on export transactions and investments that are to be reinsured by the Government of more than EUR 10 million. The review has to comply with the agreements that have been made in the OECD (“Common Approaches”, 12 June 2007). If it is clear that a transaction or project under the EUR 10 million-threshold will result in major environmental damage, the application will also have to be analysed for environmental and social impacts. The same applies to works in or near sensitive areas. Atradius balances up the positive, neutral and negative environmental and social impacts of the entire project to which your export transaction or project contributes. The elements for assessment on the environmental and social impacts focus on the sector, location and technology. For the insurance of capital goods, services and construction transactions (SENO included) and also for investments the environmental and social impacts will be reviewed.

For more information on this review on environmental and social impacts and how it is performed, we refer you to our brochure "Atradius Dutch State Business and CSR”.