Environment

Q.The Guidelines paragraph II. stipulates that NEXI confirms whether the project sponsors implement appropriate environmental and social considerations, so as to ….by the projects relating to insurance (two years or more) services from NEXI. Regarding projects that already underwent screening and environmental reviews, is it necessary under the Guidelines to conduct another screening and review if they require additional insurance coverage?

A.

Regarding the existing projects that underwent screening and environmental review in the past, it is necessary in principle to submit a screening form for each insurance application. However, there may be cases where another screening or environmental review is not required if the screening and (or) review conducted in the past encompasses the entire project including a newly insurable part of the project and if the project's potential impact on the environment does not differ significantly from that foreseen by the initial screening and review.

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