Ref. Ares(2018)3351066 - 25/06/2018
Ref. Ares(2019)4291643 - 05/07/2019
CHECKLIST
For reporting according to Regulation (EU) 1233/2011
I.
Reporting country information
Reporting Country
Denmark
Submission Date
16 August 2016
Reporting Institution (Government
Eksport Kredit Fonden (EKF)
Department, ECA)
II.
Reporting country legal and policy information
Mandate/Legal status of ECA
EKF is an independent administrative unit under
the Danish State
Officially supported export credit
Buyer credit guarantee
programs(in the sense of Article 5 of the
Financing guarantee
OECD Arrangement) during reporting
Project financing guarantee
period
Supplier credit guarantee
SME guarantee
Mixed Credits/Tied Aid (Danida/
Ministry of Foreign Affairs)
The Danish Export Lending Scheme
(ELO)
Annual reports available on reporting
EKF published our annual report together with
year
the CSR report for 2015 on 21 April 2016.
Both are publicly available at
www.ekf.dk
III.
Information on the reporting Member State’s Export Credit policies:
General presentation of the reporting MS’ EKF aims to contribute to environmental and
policies on export credits, including all social
sustainability.
Consequently,
an
information that can help the Commission assessment of environmental and social factors is
in carrying out its evaluation regarding the an integrated part of EKF’s risk analysis. EKF
compliance of the Export Credit Agencies only takes on cases/projects where environmental
with EU objectives and obligations1 (in the and social factors comply with international
sense of Article 3, Annex 1 of EU standards.
Regulation1233/2011)
1 EP side suggested to use such a phrase (to ensure that it is not forgotten that the Regulation's official reference
is to "EU objectives and obligations)
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Special information on the following
policies:
a)
Yes,
EKF
applies
OECD
Common
Approaches.
1) Environment:
a)
Do
you
apply
the
OECD b) In the cases of EKF guarantees, we work to
Recommendation on Common Approaches ensure that environmental impacts through
to
the
Environment
and
Officially wastewater discharge, air emissions and solid
Supported Export Credits?
waste are minimised as far as possible, and that
(its successor instrument the OECD consumption of water, energy, raw materials, etc.
Recommendation on Common Approaches is as efficient as possible.
on Officially Supported Export Credits and
Environmental and Social Due Diligence?)
b) any other relevant information
2) Human rights:
a)
Yes,
EKF
applies
OECD
Common
a) Do you apply the Human Rights related Approaches.
aspects of the
Recommendation on Common
b) EKF opposes any contravention of employee
Approaches, on Officially Supported and human rights. EKF attaches importance to
Export Credits and Environmental and employee rights in the transactions that we
Social Due Diligence?
guarantee. We also seek to ensure that the
projects EKF guarantees address potential
b) any other relevant information?
negative impacts on human rights and that
negatively impacted rights are mitigated.
In its business relations EKF draws attention to
the UN Guiding Principles for Businesses on
Human Rights
3) Anti-Bribery measures:
a) Yes, EKF applies OECD Recommendation on
a)
Do
you
apply
the
OECD Bribery.
Recommendation
on
Bribery
and b) For any guarantee, EKF requires a signed non-
Officially Supported Export Credits?
bribery declaration. EKF’s guarantee lapses if the
guarantee holder offers a bribe. EKF encourages
b) Any other relevant information?
all exporters and banks to develop, use and
document control systems to combat bribery.
4) Sustainable Lending Practices:
a) Yes, EKF applies OECD Principles and
a) Do you apply the OECD Principles and Guidelines to Promote Sustainable Lending
Guidelines
to
Promote
Sustainable Practices.
Lending Practices in the Provision of b) EKF supports economically sustainable
Official Export Credits to Low Income development by considering poor and debt-laden
Countries?
countries. EKF only participates in export
transactions to poor countries if the transaction
b) Any other relevant information?
and its underlying financing does not jeopardise
the long-term economic development of the
recipient country.
5) Other policies
1) CSR policy.
EKF’s key objective is to ensure competitive
terms of financing in the global market for
Danish business and industry. This is why EKF’s
CSR initiatives are based on internationally
recognised rules and principles. EKF maintains
that sustainability is a precondition for sound
2
business, which is why EKF performs risk
assessments of both the financial factors in an
export transaction and its potential human and
environmental impacts.
2) Openness policy.
Openness and confidentiality
EKF aims to give all stakeholders the
opportunity to gain insight into EKF’s
transactions and finances. EKF does this by
publishing a range of information about
ourselves and the transactions in which EKF
participates. However, it is crucial for EKF’s
transactions that customers and partners can
confidently and confidentially make all necessary
information available for EKF’s case handling.
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IV.
Annual Activity Report data:
Explanatory note:
“MS shall report, in accordance with their national legislative framework, on assets and
liabilities, claims paid and recoveries, new commitments, exposures and premium charges."
From Regulation 1233/2011, Annex 1.
Member States that have more than one ECA should do one single integrated report (reporting
obligation is on the Member State as such, not the ECA). Where a MS offers at the same time
different types of products (pure cover and direct lending), the reporting under chapter IV
should however differentiate.
A) In case of official support is provided in the form of export credit guarantee or
insurance (“pure cover”) in the sense of Art 5 a 1) OECD Arrangement:2
Overview of assets
DKK 13,929 million (EUR 1,872 million)
Overview of liabilities
DKK 13,929 million (EUR 1,872 million)
Aggregate nominal risk exposure
01-01-2015
DKK 50,766 million (EUR 6,824 million)
31-12-2015
DKK 44,226 million (EUR 5,945 million)
a.) nominal risk exposure under insurance
policies issued
01-01-2015
DKK 34,443 million (EUR 4,630 million)
31-12-2015
DKK 35,135 million (EUR 4,185 million)
b.) nominal risk exposure under promises
and notices of cover
01-01-2015
DKK 16,323 million (EUR 2,194 million)
31-12-2015
DKK 9,074 million (EUR 1,220 million)
Premium Income
DKK 546 million (EUR 73 million)
Recoveries
DKK 3 million (EUR 0.4 million)
Claims paid
DKK 395 million (EUR 53 million)
B) In case official support is provided in the form of Official Financing Support in
the sense of Article 5a2) OECD Arrangement:
Overview of assets
DKK 17,545 million (EUR 2,358 million)
Overview of liabilities:
DKK 17,545 million (EUR 2,358 million)
a) nominal value of officially supported
loan portfolio
01-01-2015
DKK 16,309 million (EUR 2,192 million)
31-12-2015
DKK 14,706 million (EUR 1,976 million)
b) total value of off balance commitments
n.a.
01-01-2015
31-12-2015
Interest received
DKK 1.068 million (EUR 144 million)
Annual profit/loss
DKK 86 million (EUR 11 million)
V.
Contingent liabilities
Where contingent liabilities might arise
from officially supported export credit
activities,
those
activities
shall
be
reported:
2 Member States not using EUR should report the figures in their national currency and in EUR
4
VI.
Evaluation and incorporation of environmental risks
Environmental risks:
Of the guarantees issued in 2015, 25 were
categorised as A or B projects, out of which 20
have undergone a full environmental and social
assessment and 5 have undergone environmental
and social screening. Screened transactions
categorised as C projects total 75.
a)
Number/exposure
of
transactions 10
Category A
b) Number/exposure of transactions
15
Category B
How are environmental risks, which can EKF
assesses
the
foreign
buyer's
carry other relevant risks, taken into creditworthiness and the country's political
account in the officially supported export situation and creditworthiness. EKF makes sure
credit activities?
that the transaction is completed in a socially and
environmentally responsible manner. If the risk
is acceptable, EKF issues a conditional offer to
cover the risk.
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Document Outline