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Following the adoption by the OECD Council on 28 June 2012 of the Recommendation of the Council on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence KUKE established a procedural framework that allows addressing the potential impact of investment projects financed with a credit with a repayment term of 2 years and more supported with the State Treasury backing upon the natural and social environment. A responsible approach to the environment while carrying out export undertakings is an important element of KUKE’s co-operation with Polish exporters, institutions financing Polish exports, as well as ministries and public institutions.
Recognizing that it is the responsibility of the project sponsor/investor to shape the project’s financing structure, we exercise due diligence in order to identify in the course of the risk assessment process these transactions which may potentially have a significant impact upon the environment, and to ensure that the decision on supporting the project is taken in the context of:
We undertake to:
The environmental procedural framework applied by KUKE is consistent with the OECD Recommendation with due regard to the matters of character and scope of the export projects involved. Participation of KUKE in the OECD Environmental Practitioners working group meeting regularly ensures that information and experiences can be exchanged with other members of the Group. The results of application of due diligence are subject to reporting and monitoring by OECD members, which ensures a harmonised approach to individual projects. Both the policy and information on the environmental procedure is reviewed and updated, if necessary.
Together with an application for insurance cover of export credit with a repayment term of 2 years and more, the exporter completes the environmental questionnaire. Depending on the information on the value of the contract, type of undertaking, its location, project duration, sector and potential impact upon the natural and social environment, projects are allocated to one of three categories, i.e.:
The category of the project determines the obligations connected with the further stages of the environmental and social procedure. More detailed principles of selection, classification and evaluation of the projects are described in the guide “KUKE’s Environmental procedure applied to insuring export contracts and export credits with a repayment term of two years and more”.
At the same time, bearing in mind the actions taken by the international community on behalf of environment and human rights protection, we encourage our partners and applicants to reflect in their investment strategies the OECD Guidelines for Multinational Enterprises and the US Guidelines on business and human rights. More information on this is available at: www.paiz.gov.pl/kpk_oecd/o_wytycznych_oecd.
In keeping with the principle of access to information and transparency of the environmental procedures, we disclose on our website information on supported by KUKE export undertakings assigned to category A and B, and of the environmental impact of currently considered projects classified to category A.
Additional information on environmental and social policy, procedural framework, as well as notified above projects is available on request by sending enquiry to the following e-mail adress: email@example.com