Enhancement of “Loan Insurance for Green Innovation”
Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Atsuo Kuroda) announces its progressive change on "Loan Insurance for Green Innovation"1 in an aim to strengthen its financial support for environmental protection/climate change prevention and contribute to global carbon neutrality.
By changing some of its methods of assessing credit risk and enabling proactive risk assessment, NEXI will be able to offer preferential credit risk premiums for projects in the field of environmental protection/climate change prevention.
The change is made as part of NEXI’s Initiative to promote Leading Technologies & Businesses, Environment & Energy, Alliance and Development ("LEAD Initiative"2), which is NEXI’s latest commitment to underwrite insurance of total value of JPY 1 trillion by the end of fiscal 2025, to improve industrial competitiveness in carbon neutral and digital fields, promote international collaboration with value co-creation partners, and contribute to solving social issues and achieving the SDGs.
The field of environmental protection/climate change prevention is one of the key pillars of the “LEAD Initiative”.2
The 26th UN Climate Change Conference of the Parties (COP26) in Glasgow from 31 October will accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change. As Japan’s governmental agency, through the newly enhanced “Loan Insurance for Green Innovation”, NEXI will continue to support the overseas development of Japanese companies that contribute to solving global environmental issues.
Launch date
October 4, 2021
- 1 https://www.nexi.go.jp/en/topics/newsrelease/2019072901.html
- 2 In December 2020, NEXI announced the LEAD Initiative to respond to the business environment with and after the Covid-19. This initiative is intended to actively promote the underwriting of projects, with a focus on contributing to global carbon neutrality, solving social issues and achieving the SDGs. Under this initiative, we aim to underwrite insurance of total value of JPY 1 trillion by the end of fiscal 2025, while diversifying our funding sources not only from traditional capital providers, but also from institutional investors etc.
Contact
Corporate Planning and International Relations Group, Planning and Policy Department
Tel: +81-(0)3-3512-7665