|Adoption Date:||31 March 2016|
|Country of Headquarters:||UK|
|Region of Headquarters:||Europe|
|Institutional Reporting Hyperlink:||https://www.gov.uk/government/publications/ukefs-implementation-of-the-equator-principles-1st-november-2017-31st-october-2018|
|Current EPFI Reporting Year/Period:||To 31 October 2018|
|EPFI Reporting in Compliance:||Yes|
Reporting – UK Export Finance (to 31 Oct 2018)
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the Equator Principles Association website.
Further information on this EPFI may be obtained through the Institutional Reporting Hyperlink above.
PROJECT FINANCE ADVISORY SERVICES
Total number mandated in the reporting period: 0
PROJECT FINANCE TRANSACTIONS
Total number that reached financial close in the reporting period: 0
PROJECT-RELATED CORPORATE LOANS
Total number that reached financial close in the reporting period: 2
Totals 1 1 0
Totals 1 1 0
Sector Category A Category B Category C
Mining Infrastructure 1 1 Oil & Gas Power Others Region Americas 1 Europe, Middle East & Africa 1 Asia Pacific Country Designation Designated1 Non-Designated 1 1 Independent Review Yes No 1 1
1Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment. For the list of Designated Countries, go to: https://www.equator-principles.com/index.php/ep3/designated-countries
IMPLEMENTATION OF THE EQUATOR PRINCIPLES
UKEF’s ESHR Policy sets out how UKEF implements the Equator Principles in tandem with the OECD Common Approaches during pre-issue stages (scoping, screening, and due diligence review), which satisfies Equator Principles 1 – 8, and for post-issue monitoring, to satisfy Equator Principle 9. UKEF published a Note of Human Rights and Social Risks and Impacts in support of its ESHR Policy in March 2017. Further information can also be found in UKEF’s Annual Report and Accounts 2017/18.
UKEF’s Environmental & Social Risk Management Team (E&S Team), is responsible for carrying out the implementation of UKEF’s ESHR Policy. The E&S Team’s staff are professionally qualified and directly undertake and/or manage the necessary ESHR due diligence and liaise with project sponsors and/or exporters and UKEF decision-makers. The E&S Team has 7.8 full time equivalent staff and reports directly to the Head of Business Group and the Chief Executive.The E&S Team continues to provide internal training to UKEF’s Business Group (including underwriters), and wider staff, to raise awareness of the requirements of the OECD Common Approaches, the EPs, and general ESHR risk management.
Further information on UK Export Finance’s implementation of the EPs is available at: https://www.gov.uk/government/publications/ukefs-implementation-of-the-equator-principles-1st-november-2017-31st-october-2018