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- Info
Global Witness vs. UK Export Finance
Case overview
Date filed |
16
March
2020
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Current status |
Rechazado
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Issue |
UK Export Finance fails climate commitments, disclosures
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Summary of the case |
On 16 March 2020, Global Witness filed a specific instance against UK Export Finance, the UK’s export credit agency, at the United Kingdom NCP. The complaint concerns the activities of UK Export Finance in providing export credit services worldwide. The complainants allege that UK Export Finance is failing to commit and contribute to the climate targets set by the Paris Agreement, and does not disclose its indirect greenhouse gas emissions, in breach of its responsibilities under the OECD Guidelines. Global Witness is seeking mediation from the NCP to encourage UK Export Finance to commit to disclosing its full emissions footprint, bring its portfolio in line with the Paris Agreement 1.5C goal, and rapidly phase out all of its support for fossil fuels. |
Developments/Outcome |
In a very controversial decision, the UK NCP has rejected a complaint against the UK export credit agency (UK Export Finance) related to climate impacts, claiming that UKEF is not a “multinational enterprise” and thus not covered by the OECD Guidelines. This is controversial because other NCPs (e.g. Dutch) have previously determined that their ECAs do fall under the OECD Guidelines.
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Relevant OECD Guidelines |
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Case keywords |
Medio Ambiente,
El cambio climático,
Sector financiero
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NCP Information
Complainant
Company Information
Timeline of developments
Date |
Actor |
Action |
Description |
Document |
9
September
2020
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National Contact Point United Kingdom |
desestimar |
The UK NCP has rejected the complaint. |
download pdf
(394Kb)
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17
March
2020
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Global Witness |
Press coverage |
Guardian article on complaint filing |
download pdf
(398Kb)
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17
March
2020
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Global Witness |
Press coverage |
Financial Times article on complaint filing |
download pdf
(331Kb)
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16
March
2020
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Global Witness |
presentar |
Complainants file complaint at UK NCP |
download pdf
(921Kb)
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