UK Export Finance: Environment Protection

(asked on 21st February 2020) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what steps she takes to assess the environmental impact of projects receiving funding from UK Economy and Finance.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 26th February 2020

I am unaware of any organisation called UK Economy and Finance.

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 and impacts.

UKEF’s specialist ESHR risk management team reviews relevant projects prior to UKEF taking a decision on whether to support. ESHR monitoring takes place throughout the lifetime of UKEF’s support for such projects.

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