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Ecological, social and developmental impacts of an export transaction
Global sustainable development is a fundamental principle of the Federal Government’s policy that is also taken into account in connection with promotion of exports.
Ecological, social and developmental impacts of a project play an important role in the investigation process with is to clarify whether an export transaction is eligible for support and the risk involved in it is justifiable.
The assessment procedure is based on the OECD’s "Recommendation of the Council on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence" (Common Approaches, 300 KB), as amended in 2012.
The OECD rules describe how thoroughly the different types of transactions have to be vetted. More details on this procedure can be found under FAQs. The required documents can be put together on the basis of various check lists for the various industries and sectors.
Do you have any questions or do you need additional information? Please do not hesitate to contact us – we will be pleased to assist you.
The brochure from the series "Hermes Cover Special" OECD Common Approaches for the Review of the Environmental Impacts of Covered Export Transactions (337 KB) gives an overview of the handling of environmental aspects and the relevant procedures.
Study "Sustainability Challenges for Export and Export Credit Insurances" of the Leuphana Universität Lüneburg Importance of the OECD Common Approaches for German exporters (741 KB, German version only)
Executive Summary (36.5 KB)