OECD approves revisions to the Common Approaches for Export Credits and Environmental and Social Due Diligence

(OECD, Paris, 6 April 2016) In 2015, the ECG agreed that a thorough review of the 2012 Recommendation was not necessary, given Members’ limited implementation experience, but that some of its elements should be revised. The Recommendation of the Council on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence was adopted by the OECD Council on 28 June 2012; a revised text was subsequently adopted by the OECD Council on 6 April 2016 based on discussions finalized in November 2015.