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UK Export FinanceUnited Kingdom

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This profile is actively maintained
Last update: 2024-09-13 13:28:18
UK Export Finance London offices. Photo: Public Domain (www.gov.uk)

Active

This profile is actively maintained
Last update: 2024-09-13 13:28:18
About
Website https://www.gov.uk/government/organisations/uk-export-finance
Headquarters
1 Horse Guards Road
SW1A 2HQ London
United Kingdom
CEO/chair Tim Reid
CEO
Supervisor
Ownership

UK Export Finance is a ministerial department of the UK Government and as such publicly accountable.

UK Export Finance is the operating name of the Export Credits Guarantee Department (ECGD), the United Kingdom's export credit agency and a ministerial department of the UK government. The agency was established in 1919 to promote UK exports lost during the submarine blockade of World War I. UK Export Finance helps UK companies to access export finance. The agency derives its powers from the Export and Investment Guarantees Act 1991 and undertakes its activities in accordance with a specific consent from HM Treasury. UK Export Finance signed the Equator Principles in 2016.

Sustainability
Commitments
Policies
Voluntary standards

UKEF's most important sustainability commitments can be found at the website sections listed below.

Links

Environmental, Social and Human Rights risk management

Sustainability Policy Statement

date listed represents date as accessed on website
Bank policy
2024-05-02 00:00:00 | UKEF

Environmental, Social and Human Rights policy

Date listed represents date as accessed on website
Bank policy
2022-10-28 00:00:00 | UK Export Finance

Policy and practice on Environmental, Social and Human Rights due diligence and monitoring

date listed represents date as accessed on website
Bank policy
2022-09-26 00:00:00 | UK Export Finance
UK Export Finance has committed itself to the following voluntary standards:
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Dodgy Deals

UK Export Finance is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of UK Export Finance's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Cost of Hoima-Tanga pipeline hits $5b as risk averse banks walk away from project

BankTrack mentioned
2021-08-21 | The East African
BankTrack news BankTrack blog Partner news Partner blog

UK Export Finance faces review over US$1bn support for Mozambique LNG project

2021-04-27 | Global Trade Review
BankTrack news BankTrack blog Partner news Partner blog

UK support for Mozambique gas plant fuelling conflict – Friends of the Earth

2021-04-15 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

UK rules out public subsidy for East African oil pipeline

2021-03-26 | Climate change news
BankTrack news BankTrack blog Partner news Partner blog

FoE pursues UK over Mozambique LNG funding

2021-03-22 | Energy Voice
BankTrack news BankTrack blog Partner news Partner blog

UKEF considering FPSOs in Brazil, pipeline in Uganda

2021-02-08 | Energy Voice
BankTrack news BankTrack blog Partner news Partner blog

Revealed: Government considering backing for oil pipeline project despite green pledges

Backing for overseas fossil fuel projects is 'rank hypocrisy' as Britain hosts climate change summit and urges public to go green
BankTrack mentioned
2020-12-07 | Telegraph (UK)
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

FoE challenges UK on Mozambique LNG lending

2020-09-07 | Energy Voice
BankTrack news BankTrack blog Partner news Partner blog

UK Government considering deal with Saudi Aramco

2018-11-16 | Ekklesia.co.uk
BankTrack news BankTrack blog Partner news Partner blog

UK lines up US$2bn deal for Saudi Aramco

2017-11-16 | Global Trade Review
BankTrack news BankTrack blog Partner news Partner blog

Over the Past Year the UK Government Gave Over £1 Billion to Fossil Fuel Projects Overseas

2017-07-19 | DeSmog UK
BankTrack news BankTrack blog Partner news Partner blog

UK Export Finance joins Equator Principles steering committee

2017-06-26 | UK Export Finance
BankTrack news BankTrack blog Partner news Partner blog

Revealed: UK provides billions in credit to fossil fuel industry despite clean energy pledge

2017-04-19 | Greenpeace Energydesk
BankTrack news BankTrack blog Partner news Partner blog

UK to give Petrobras GBP 330 million despite the company facing corruption charges

2015-11-24 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

UK trade deal finances 'dirty energy' projects in Mexico, says Greenpeace

2015-03-05 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

UK loaned GBP 1.7 billion to foreign fossil fuel projects despite pledge

2015-01-06 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Government USD 1 billion deal to controversial Petrobras deep-sea oil drilling

2012-07-11 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Baku-Tbilisi-Ceyhan (BTC) oil pipeline

2011-03-31 | The Cornerhouse
Resources
Documents

Sustainability Policy Statement

date listed represents date as accessed on website
Bank policy
2024-05-02 00:00:00 | UKEF

Annual report 2023

Annual report
2023-08-08 00:00:00 | UK Export Finance

Environmental, Social and Human Rights policy

Date listed represents date as accessed on website
Bank policy
2022-10-28 00:00:00 | UK Export Finance

Policy and practice on Environmental, Social and Human Rights due diligence and monitoring

date listed represents date as accessed on website
Bank policy
2022-09-26 00:00:00 | UK Export Finance

Annual report 2021-2022

Annual report
2022-07-04 00:00:00 | UK Export Finance

Annual report 2020-2021

Annual report
2021-11-02 00:00:00 | UK Export Finance

Annual report FY 2020

Annual report
2020-11-03 00:00:00 | UK Export Finance

Adding fuel to the fire

Export credit agencies and fossil fuel finance
NGO document
2020-01-31 00:00:00 | Friends of the Earth US, Oil Change International

Annual report FY 2019

Annual report
2019-07-31 00:00:00 | UK Export Finance

Annual report FY 2018

Annual report
2018-06-30 00:00:00 | UKEF

Annual report FY 2017

Annual report
2017-06-30 00:00:00 | UKEF

Annual report FY 2016

Annual report
2016-06-30 00:00:00 | UKEF

Equality, diversity & inclusion

Strategy & Plan 2016-2020
Other bank document
2016-01-01 00:00:00 | UK Export FInance
Accountability
Grievances

UK Export Finance operates a complaints procedure, which can be accessed here.

UK Export Finance is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates UK Export Finance's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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