Responsibility

In view of the Paris Climate Change Agreement, a comprehensive transformation of the economy is imperative to reduce global warming to well below two degrees Celsius compared to the pre-industrial era. By developing a climate strategy for export credit guarantees, the Federal Government will continue to support the German economy with cover tailored to its needs.

Environmental, social and human rights issues (ESHR) play an important role in the promotion of foreign trade. When an application is made, due diligence is carried out to make sure that national and international standards will be met. With the following links you can access information on the requirements and procedure of the environmental, social and human rights assessment (ESHR assessment) and EHSR Background information as well.

Global climate change is one of the biggest challenges that lie ahead in the coming years. The Federal Government supports the further development and transfer of climate-friendly, efficient high-tech products also by means of initiatives in the field of export promotion.

Category A projects are published before the final decision on cover with export credit guarantees is taken, as they can potentially have strong environmental, social or human rights impacts.

Basic project data of all projects with a contract value of more than 15 million euros, basic project data are published after a final commitment for cover has been made provided that the exporter has given its consent. 

Read more about projects that have been realised with Hermes Cover.

A look at international world trade clearly shows: There is an ongoing shift of value added and employment away from industry to the services sector. According to the OECD services already account for almost half of German exports.

The German foreign trade promotion instruments have proven their worth. However, competitors from third countries are increasingly competing with political support and comprehensive financing offers, particularly in tenders for large-volume foreign projects. This creates competitive disadvantages for German providers.

The key points of the Federal Government's strategy paper provide new impetus for international competition for major strategic projects in order to improve opportunities for Germany.

An increasingly challenging environment awaits many companies. The Federal Government provides support, among other things, through initiatives in the area of export promotion. 

We are partners to the business community in this transformation.