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Sustainability

SERV checks insurance applications for their environmental, social, climate and human rights compatibility.

When assessing insurance applications, SERV takes into account the international guidelines of the Organisation for Economic Co-operation and Development (OECD) and the principles of Swiss foreign policy according to Art. 6 para. 2 SERV Act (SERVG). These relate in particular to the peaceful co-existence of peoples, respect for human rights and promotion of democracy, conservation of natural resources, alleviation of poverty and destitution in the world, but also to preserving Switzerland’s independence and protecting its national welfare.

Further requirements may arise as a result of Switzerland’s obligations under international law. The extensive sustainability checks conducted include environmental, social and human rights reviews, anti-corruption audits and, in certain cases, audits of the debt sustainability of public-sector buyers when financing supported projects. SERV also conducts climate audits for fossil fuel energy products in accordance with the provisions of the SERV guidelines on aligning its support for the clean energy transition.

When assessing larger projects with potentially high environmental, social and/or human rights impacts (category A and B projects), on-site visits are also carried out where necessary.

Transparency

SERV publishes all projects with a contract value of CHF 10.0 million or more on its website, subject to the policyholder’s approval, as well as Category A projects.

SERV also maintains a regular exchange of information with interested non-governmental organisations (NGOs). This also includes the annual NGO dialogue, through which SERV provides information about current projects and developments in the OECD export credit group.

SERV is committed to maximum transparency.

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