A/HRC/38/48
66.
According to an OECD study, 44 export credit agencies require exporters and/or
applicants to provide an undertaking/declaration that neither they nor anyone acting on their
behalf, such as agents, have been engaged in or will engage in bribery in the course of the
transaction. They include the Russian Federation, which exceeds standard expectations by
using multiple channels of communication regarding the requirement for an anti-bribery
undertaking/declaration.
The
Russian
export
credit
agency
obtains
an
undertaking/declaration through both the application forms and stand-alone documents.
Brazil similarly uses stand-alone documents submitted by the exporter or applicant.
B.
Gaps in the OECD Common Approaches
67.
As noted above, a large number of non-OECD States do coordinate on export credit
policies but have yet to do so on social issues and human rights. Thus the 2016
recommendation on Common Approaches is currently the key document, which sets out
good practice for export credit agencies. As noted above, some non-OECD States take part
in meetings of the environmental and social practitioners, with an eye to aligning their
processes with the Common Approaches.
68.
As the Common Approaches only apply to exports for medium- and long-term
export credits with a repayment term of two years or more, a variety of export credit
financing, insurance and guarantees provided by export credit agencies are not subject to
their application. As noted above, there are examples of export credit agencies applying the
Common Approaches and hence human rights due diligence across all their product lines,
as in the case of the Dutch, but this is still an exception. A key issue is therefore how to
extend the role of human rights due diligence across a broader spectrum of products and
services.
69.
A second issue is which criteria are applied when human rights due diligence is
conducted. The Common Approaches default to the IFC Performance Standards, which are
not identical to the Guiding Principles. Again, as noted above, some export credit agencies
have supplemented their due diligence processes when they needed to address other human
rights scenarios, as was the case with Sweden in the telecommunications sector.
70.
The Dutch National Contact Point indicated that for Atradius there needed to be a
clearer explanation of the gaps in alignment between the Guiding Principles and the
Common Approaches. For example, the scope of human rights due diligence is not limited
under the Guiding Principles, whereas the Common Approaches apply only to transactions
longer than two years.51
71.
Another area where improvement is needed relates to the transparency of decisionmaking at export credit agencies. Civil society groups have been critical of them because
they do not share the results of their screening with civil society, affected communities and
other stakeholders. A recent study of seven Central and Eastern European export credit
agencies, also pointed out that greater transparency was needed.52
72.
The Common Approaches address the disclosure of information. They include
recommendations for public information disclosure as follows: (a) limited project
information, including environmental and social impact information, in the case of category
A projects, to be made available as early as possible in the review process and at least 30
calendar days before a final commitment to grant official support and (b) environmental
14
51
See Both Ends, “Gaps between the Common Approaches and the OECD Guidelines” (June 2016)
52
and CORE Coalition and Amnesty International UK joint submission to the United Nations Working
Group on Business and Human Rights.
Finance and Trade Watch and CEE Bankwatch Network “ECAs Go to Market. A Critical Review of
Transparency and Sustainability at Seven Export Credit Agencies in Central and Eastern Europe”
(December 2017).
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