The ECG discussions on addressing the potential environmental and social impacts of projects have been informed for many years by technical work undertaken by the environmental and social experts (the "Practitioners") working in ECAs. The Practitioners meet regularly to discuss the implementation of the prevailing Common Approaches, share experiences of project due diligence and agree on proposals for amendments to the Common Approaches that might be forwarded to the ECG for agreement. Due to the project-based nature of the Practitioners’ discussions, details of their meetings are confidential; however, they are currently developing some Guidance Notes to inform the application of the 2016 version of the Common Approaches. In addition, they meet regularly with environmental experts from other financial institutions to discuss issues of mutual interest, such as the application of international standards.
The following Guidance Notes have been developed in the framework of technical work undertaken by Practitioners relating to the application of the Recommendation of the Council on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence.
The Guidance Note on Good Practice in the use of Consultants by Export Credit Agencies provides a compilation of good practices in the use of environmental and social consultancy services by ECAs.
The Good Practice Note for Environmental and Social Agents provides an overview of good practice for banks, ECAs or other entities acting in the role of Environmental and Social Agents on behalf of a Lenders’ Group involved in a transaction. On 28 May 2021, the Equator Principles Association (EPA) endorsed the ECG Practitioners’ Good Practice Note for Environmental and Social Agents.
These Guidance Notes may be used by banks, ECAs or other entities; however, the aim is not to replace, modify or supersede any relevant policies or processes that banks, ECAs or other entities have developed or may develop in the future. Accordingly, these Guidance Notes should not be considered as standards or as required action lists, but as tools to be used by banks, ECAs or other entities, as appropriate and at their own discretion. It is also important to note that other actions may be appropriate on a project-by-project and ECA-by-ECA basis.
Workshops for Practitioners from Financial Institutions
Export Credit Agencies and other Financial Institutions are increasingly concerned about the potential environmental and social (E&S) impacts of the projects that they support, either commercially or for developmental purposes. As a result, such institutions are, either individually or within groups of same-type institutions, developing appropriate policies and standards to address such impacts.
These Workshops are an opportunity for E&S specialists from all types of financial institutions to meet, share experiences and explore E&S issues with a view to improving due diligence techniques and promoting a consistent approach to addressing E&S impacts. It is open to environmental and social specialists from all types of financial institutions (export credit agencies, Equator Principles Financial Institutions, commercial banks, development institutions, etc.).
Agendas of Previous Workshops