Export Guarantee Act

The Export Guarantee Act, which entered into force on 1 July 2001, brings an environmental perspective to Finnvera’s operating policies as follows: (§7 of the Act on the State's Export Credit Guarantees):

The following factors shall be taken into account when export credit guarantees are granted and when the terms and conditions of the guarantees are confirmed:

1. International rules and regulations applied to export credit guarantees and binding on Finland
2. Factors related to international competitiveness
3. The environmental impacts of the project to be guaranteed, as part of the total risk assessment of the pro-ject

The environmental policy adopted by Finnvera’s Board of Directors on 31 January 2008 is built on the principles referred to above. In implementing its environmental policy for export credit guarantee activities, Finnvera acts in line with its competitors.