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Due Diligence under the Swiss Insurance against Export Risks Act (LASRE) and its Ordinance (OASRE)

The Swiss Insurance against Export Risks (SERV) insures the risks associated with export transactions and offers insurance to exporters, banks and associations against the risks that private insurers do not cover.
Switzerland 2016
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As part of its activities, SERV respects Switzerland's commitments to public international law and Switzerland's foreign policy principles, including respect for human rights and the preservation of natural resources.

Since 1 January 2016, the LASRE Ordinance expressly establishes the requirement of a human rights due diligence procedure for SERV-supported companies. The insurance provides no cover and declines any liability for damage when a project carried out or financed by the insured does not meet international human rights standards and does not meet the OECD guidelines in terms of sustainability.


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Chair of the CDDH

 

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