Promote sustainable exports and phase out the fossil portfolio.
With ECI, we are committed to the international climate goal of limiting global warming to 1.5 degrees. We do this in part by encouraging green transactions, excluding fossil transactions and entering into international partnerships and cooperation. We make progress on climate transparency through reports based on our Green Label and our fossil methodology.
We encourage green transactions by:
- Broadening Dutch content policy for green project finance
- Relaxing acceptance criteria for small risky green transactions
- Broadening the definition of export for green transactions
Additional instruments have also been developed:
- Green Cover: the Green Coverage helps companies attract financing for investments and research into new climate-relevant technologies or products with prospects for Dutch exports over time.
- Guarantees for funds with a green focus: Climate Investor I-II and the Green Shipping Fund. These facilities enable green transactions with our coverage. Especially in the field of renewable energy and climate adaptation (Climate Investor) and the construction of green ships (Green Shipping fund).
Go to Green Coverage
What is green?
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.
On November 8, 2021, the Netherlands signed the COP26 Declaration. With this, the Netherlands has committed to ending new direct international government support to the unabated fossil energy sector and encouraging the energy transition from fossil to renewable energy, using public support to increase the contribution of the private sector. In line with this declaration, our fossil exclusion policy is in effect as of the end of 2023. The starting point for the policy is 'no, unless' in line with 1.5°C. This means that we do not ekv support for the upstream and midstream fossil energy sector, except for transactions in line with the 1.5 degree target. The entire value chain for coal and unconventional oil and gas extraction and flaring were already excluded from the ekv. See here for a complete overview of all exclusions.
Download our exclusion list
The Netherlands, together with like-minded countries, is committed internationally to aligning public export financing with climate goals and creating a level playing field.
- Among other things, agreement has been reached in the OECD context 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.
- The Netherlands is pushing for a shared European climate policy within the Export Finance for Future (E3F) coalition. Together with the ten member states of the E3F coalition, reporting on fossil and green transactions is done in a uniform manner. Best practices are also shared, relating 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. This forum exchanges experiences with international public and private (export) credit insurers. We are a member of the BU Climate Working Group.
Wondering how we can support your sustainable export transaction ?
Contact our business developers by phone: +31 (0) 20 553 2693, or email us: info.dsb@atradius.com and get expert advice right away. They will guide you in submitting your application for green transactions. Remember that even if your transaction does not directly fit within the measures described above, our experts will evaluate whether one of our other product solutions meets your needs.