Climate

We developed the Green Label to determine whether a transaction meets the criteria to be considered green. A transaction is "green" when it contributes to one of the following components: 

• Climate mitigation: reducing the rate of climate change. Climate mitigation consists of activities that contribute to avoiding or reducing greenhouse gas emissions or increasing carbon uptake capacity. 
• Climate adaptation: adapting to the effects of climate change. Climate adaptation refers to activities or technologies that address local climate vulnerability by strengthening resilience to climate change. 

Activities that do not directly address climate change mitigation or adaptation, but have a positive impact on the environment and go beyond local legal requirements. 

The Netherlands, together with like-minded countries, is committed to aligning public export financing with climate goals and creating a level playing field.

• In the OECD context, an agreement has been reached on expanding the scope of green or climate-friendly economic activities, which can make use of more favorable repayment terms. In addition, new negotiations are taking place to end public support for oil and gas projects in addition to coal plants.
• As member of the Export Finance for Future (E3F) coalition the Netherlands promotes a shared European climate policy. Together with the ten member states of the E3F coalition, the COP26 policy is published in a uniform manner and best practices are shared, which relate to product development and transparency.
• Finally, we are a member of the Berne Union (BU), an international non-profit association representing the global (export) credit and investment insurance industry. In this forum we exchange experiences with international public and private (export) credit insurers. We are a member of the BU Climate Working Group.