6. Green List
The Green List is based on the NACE classification system. This is a standard system for categorizing economic activities within the European Union. For the Green List, we start at NACE Level 1 (the broadest classification). For each category, potentially green activities and green criteria are defined.
Given the export-oriented nature of the Netherlands, the EKV's focus on capital goods, and our experience with the Green Label in recent years, we know that certain economic activities occur more frequently than others. These activities are included in the Green List published with this brochure.
If the economic activity for which the transaction is intended does not appear on the Green List, clients are encouraged to contact their Atradius DSB account manager.
Figure 1: Screenshot of the Green List
7. Classification process
Assigning a Green Label is part of the EKV application process and advice to the State. All transactions undergo standard acceptance procedures, including sector policy checks and environmental and social due diligence.
The process involves checking the transaction against the Green List and verifying compliance with green criteria. Outcomes are reviewed by Duurzaam DSB, an independent internal working group. A non-green classification does not imply a negative climate or environmental impact; it may be neutral.
To determine whether a transaction can be classified as green, we follow the Green Label methodology and ask the following questions:
Figure 2: Classification Questions
The economic activity of the transaction can be found on the Green List using the NACE sector and the description of potentially green activities on the Green List. Subsequently, the green criteria can be assessed. Figure 1 shows where this can be found in the Green List.
Sometimes transactions can be used for multiple economic activities, for example, movable assets. Movable assets qualify for a Green Label when they are exclusively designed for an economic activity listed on the Green List (and fulfil the green criteria).
For the Green Label assessment, we use both publicly available information and information provided by the exporter. In some cases, additional information is required to determine whether a Green Label can be granted.
The Green List is updated regularly to reflect new technologies and international developments.