Q.In the Guidelines, "confirmation of environmental and social considerations" and "environmental review" appear frequently. In what sense are these used?

A.

NEXI confirms the appropriateness of environmental and social considerations in three stages: Screening, Environmental Review, and Assurance of Environmental and Social Considerations (Post-Commitment). "Environmental Review" is a component of the process of confirming environmental and social considerations. In the Guidelines, they are as follows:
(Screening)
To classify insurable projects into 3 categories (Categories A, B, and C) based on the magnitude of impact
(Environmental Review)
To confirm the environmental and social considerations required for each category
(Assurance of Environmental and Social Considerations (Post-Commitment))
To request the concerned project sponsors via the Applicants to provide information. (For Category A and B projects, to confirm via the Applicants the results of monitoring conducted by the project sponsors concerning items which could have significant environmental impacts) and to ask the relevant project sponsors through the Applicants to take appropriate actions, taking into account practicability of the measures and the extent of the Applicants’ involvement in the project if NEXI judges that there is a need for improvement in the situation with respect to environmental and social considerations.