PARLIAMENTARY WRITTEN QUESTION
UK Export Finance: Environment Protection (21 February 2020)

Question Asked

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.

Asked by:
James Murray (Labour)

Answer

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.


Answered by:
Graham Stuart (Conservative)
26 February 2020

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