Traditionally, international division of labour, foreign trade and foreign direct investments play a key role for Austria's prosperity.
Sustainable projects that are also successful in changing requirements and environments are vital to the economic's permanently favourable development.
OECD Common Approaches
OECD governments have formally agreed to consider environmental aspects when providing officially supported export credits.
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Austrian Environmental Policy for Export Guarantees
OeKB acts on behalf of the Republic of Austria in the administration of export credit guarantees. Therefore, the Austrian Federal Ministry of Finance entrusted OeKB to establish and administer an environmental assessment procedure for guarantee applications.
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Austrian Environmental Assessment Procedure
The OeKB Environmental Assessment Procedure was established on the basis of the Common Approaches on Environment and Officially Supported Export Credits. These were worked out by the OECD Working Party on Export Credits and Credit Guarantees (ECG) and were adopted by the OECD Council in December 2003 and updated on June 12, 2007. more
OeKB's Sustainability Report
General information on the consideration of environmental and social criteria in the assessment of applications for cover of export credit risk is also available in
OeKB’s Sustainability Report.