Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what assessment she has made of the implications for her policies of the human rights impact of support for clean energy projects overseas by the Government.
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 Organisation of Economic Co-operation and Development (OECD) Common Approaches and Equator Principles, which set the framework for export credit agencies and international financial institutions in managing such risks and impacts (including modern slavery risks in supply chains) for all projects in any sector. In addition, UKEF has developed procedures for identifying and assessing potential human rights risks on solar energy transactions that may fall outside the scope of the OECD Common Approaches and Equator Principles, as the solar energy sector was identified as being particularly exposed to potential human rights risks.
UKEF’s specialist ESHR risk management team reviews relevant projects prior to UKEF taking a decision on whether to provide support. ESHR monitoring takes place throughout the lifetime of UKEF’s support for such projects.