Exports: Environment Protection

(asked on 17th October 2019) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what environmental assessment UK Export Finance makes before agreements are made.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 22nd October 2019

UK Export Finance (UKEF) is committed to high standards of environmental, social and human rights (ESHR) risk management. It rigorously follows the requirements of the OECD Common Approaches and Equator Principles, which set the framework for export credit agencies and international financial institutions in managing such risks. It has a specialist ESHR team that reviews relevant projects prior to UKEF taking a decision. Supported projects are then monitored by the ESHR team throughout the lifetime of UKEF’s support to ensure compliance with these requirements.

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