Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Exports: Environment Protection

Department for International Trade written question – answered on 22nd October 2019.

Alert me about debates like this

Photo of Lloyd Russell-Moyle Lloyd Russell-Moyle Labour/Co-operative, Brighton, Kemptown

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

Photo of Lloyd Russell-Moyle Lloyd Russell-Moyle Labour/Co-operative, Brighton, Kemptown

To ask the Secretary of State for International Trade, what assessment UK Export Finance makes of in-country employment practices of the companies that accept loans from that organisation.

Photo of Graham Stuart Graham Stuart Parliamentary Under-Secretary (Department for International Trade)

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.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.