GIEK receives a wide range of application types for land-based projects. The risk picture can vary greatly for the same type of product in different countries, and for similar projects within the same country.

The applicant is primarily responsible for obtaining and making available information on environmental and social risks and impacts of the project and associated facilities, as well as risks in value chains. GIEK will provide guidance as to what type of information is relevant to provide and, by approval by the applicant, can have direct communication with technical experts from the counterparty to facilitate the process. The amount of information required will vary depending on the type of export, project and country involved.

The applicant will need to provide:

  • A human rights risk evaluation of potential risks related to the transaction/ project

  • Information about quality management systems and certification, as well as national permits and approvals of the project/ facility where relevant

  • Labour and procurement policies (including polices related to sub-contractors where relevant)

  • Health and Safety polices and systems (including OHSAS 18001 certification)

  • Stakeholder engagement policies and practices including grievance/ complaint mechanisms

  • Information about the supply chain and subcontractors

  • Information on any associated facilities (such as access roads, pipelines, transmission lines, etc. that may be required as a result of the project)

Is the export to an existing facility? We need to know:

  • Will the export result in large changes to resource use, output, increase of emissions to air/water/soil, or result in reduction in the number of employees?

  • Is the facility near locations in or near sensitive areas? (i.e.: National parks, RAMSAR, coastal areas)

  • Are the activities environmentally sensitive? (i.e. mining, forestry, etc)

  • Health and safety track record and if there have been protests and/or disputes

Is the export a small delivery to a larger project?

  • GIEK will need to receive as much environmental and social information as possible about the project, and we expect the applicant to make efforts to obtain information or contact details of counterparties GIEK can communicate with directly.

  • If the exporter has not been able to obtain the needed information then GIEK will evaluate the transaction based on available information, and its own due diligence. If the risk is deemed too great then, and dialog with the counterparties to mitigate the risks is not possible, the application will be denied.

Is this a Greenfield project?

  • There will need to be an Environmental and Social Impact Assessment (ESIA) and Environmental and Social Action Plan (ESAP) (Action Plan) for category A projects and corresponding information for B projects in English or Norwegian. The reports may require additional information or studies unless they meet international standards (namely, the IFC Performance Standards). Contact GIEK as early as possible for advice on scoping of the ESIA and overview of types of consultants that should be used.

  • The applicant must demonstrate that the project has management systems in accordance with IFC Performance Standards and that all relevant national permits and approvals are obtained.

  • An ESMP (Environmental and Social Management Plan) will be needed in all A projects and some B projects, depending on the nature and scope of the impacts. Reporting to GIEK based on the ESMP may be required.

  • It is not always possible for the project proponents to meet all the requirements before a guarantee is provided. In the cases where the discrepancy cannot be remedied before issuance the guarantee, a guarantee will be given with certain conditions through conditions precedent and conditions subsequent in the loan documentation. Non-compliance of these conditions may lead to delay in payment or in the event where it cannot remedied, an event of default.

  • GIEK reserves the right to evaluate projects where reporting to GIEK is required through:

    • evaluation performed by an independent third party

    • evaluation by an approved third party consultant

    • GIEK’s own assessments in the form of spot inspection and / or via hired expertise

  • The ESIA and general information about A and B projects must be published on GIEK's website. ESIAs for Category A projects should be published at least 30 days before an approval for issuing a guarantee.