JBIC has established "JBIC Guidelines for Confirmation of Environmental and Social Considerations (Environmental Guidelines)", which set out the guiding policy and procedures for confirming that the borrowers or project proponents have taken appropriate steps for environmental and social considerations.
JBIC has established and made public the “Japan Bank for International Cooperation Guidelines for Confirmation of Environmental and Social Considerations” (the Guidelines). The current version of the Guidelines came into effect on April 1, 2015.
(Reference) international standards used as a benchmark
JBIC makes available to the public information on environmental and social considerations in regard of a project proposed for JBIC financing, including category classification of the project when it is in the screening process and results of its environmental review.
- Projects Already Classified into One of the Environmental Categories and Currently under Screening Process
- The Results of JBIC's Environmental Review and project proponents' monitoring
Summary of Objection Procedures Based on Guidelines for Confirmation of Environmental and Social Considerations
JBIC introduced objection procedures simultaneously with implementation of its Guidelines for Confirmation of Environmental and Social Considerations (the "Guidelines") to ensure compliance.
About the Process of Revising JBIC Guidelines for Confirmation of Environmental and Social Considerations
JBIC is currently working on the revision of the Guideline for Confirmation of Environmental and Social Considerations and makes its process public.
JBIC has signed agreements on environmental assessment with private financial institutions for supporting increased private-sector efforts to integrate environmental considerations in their financing operations. Under this agreement, JBIC will provide private financial institutions with knowledge and knowhow on the environmental review it has conducted in the process of appraisal of the projects for which JBIC cofinance with them.