JBIC

"The Guidelines has the objective of contributing to the sound development of the international economy and society through environmental and social considerations in all projects (hereinafter referred to as “project” or “projects”) subject to lending, equity participation, and guarantee (hereinafter collectively referred to as “funding”) by JBIC. [...] Ecosystem and Biota = Projects must not involve significant conversion or significant degradation of critical natural habitats including critical forests areas; In case the project involves the significant conversion or degradation of natural habitats including natural forests, priority is to be given to the prevention of environmental impact. When this is not possible, appropriate mitigation measures must be established. Evaluation of the impact on natural habitats by the project and consideration for the offset measures should be based on expert opinion; Illegal logging of forests must be avoided. For the projects involving commercial harvest, the project proponents are encouraged to obtain certifications by forest certification systems as a way to ensure prevention of illegal logging."

"The Guidelines will be reviewed as necessary in future, taking into account future progress made in these areas [...] After five (5) years have passed since the enforcement of the Guidelines, JBIC verifies how the Guidelines was implemented for those five years, and based on its findings, conducts a comprehensive review of the Guidelines. JBIC may revise the Guidelines as needed. When making revisions, JBIC will seek the opinions of, among others, the Japanese government, the governments of developing countries, Japanese companies, experts, and NGOs, while maintaining transparency in the process. Notwithstanding the foregoing, revisions of the Guidelines could be made when JBIC deems it necessary to keep them in line with the Common Approaches, provided that JBIC shall secure the transparency of the process"

"JBIC recognizes that confirmation of environmental and social considerations is an important aspect in the risk assessment for the funding, and carries out environmental reviews in strict conjunction with its financial, economic, and technical review of projects. JBIC undertakes efficient pre-funding screening and environmental reviews through, amongst other means, the appropriate use of “screening forms” and “environmental checklists”, and places emphasis on post-funding monitoring. [...] Over a certain period of time following funding decisions, JBIC will if necessary monitor or take steps to encourage borrowers and related parties to ensure that appropriate environmental and social considerations are 5 undertaken."