§ Mr. DafisTo ask the Secretary of State for Trade and Industry what environmental and sustainable development safeguards are employed in granting export credit guarantees and insurance to British exporters; if he will place the relevant documents in the Library; and if he will make a statement. [69523]
§ Mr. WilsonConsistent with the Government's policy on the environment, the Export Credits Guarantee Department (ECGD) is supporting multilateral moves in 411W the OECD to establish common principles, to be adopted by Export Credit Agencies, to take account of environmental factors in export credits.
ECGD takes account of environmental factors, particularly in its assessment of large project finance cases, and is undertaking further work, in consultation with environmental consultants and its customers, to determine the best means of further enhancing its policy and procedures, and of raising the awareness of UK exporters, investors and overseas buyers on its approach to environmental issues. Relevant documents will be placed in the Library of the House when this process is complete.
It would be premature for me to make a statement at this point in time.