Created on: 2017-02-10 11:52:14
Last update: 2017-04-18 12:38:22
Share this page:
About Export Credit Norway
Export Credit Norway is a public-sector enterprise that reports to the Ministry of Trade, Industry and Fisheries (MTIF). It promotes Norwegian exports by issuing guarantees on behalf of the state. The agency has been in operation since July 2012. Export Credit Norway mainly finances oil & gas – and maritime industries. At the end of 2015, Export Credit Norway’s lending balance totalled NOK 76.5 billion.
Export Credit Norway became an Equator Principles signatory in 2014. BankTrack profiled this financial institution as part of our Equator Principles Track and Chase Project.
Hieronymus Heyerdahls gate 1
Otto Søberg |
|Annual report||Annual report 2015|
Export Credit Norway is a governmental organisation and as such wholly owned by the Norwegian government.
Voluntary initiativesExport Credit Norway has committed itself to the following voluntary standards:
- Equator Principles
- IFC Performance Standard 1: Assessment and Management of Environmental and Social Risks and Impacts
- OECD Guidelines for Multinational Enterprises
- OECD Recommendation of the Council on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence (OECD Common Approaches)
An overview of Export Credit Norway's investment policies can be seen here.
Export Credit Norway and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Export Credit Norway adopted the Equator Principles in 2014.
Reporting on the Equator Principles
Export Credit Norway must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Export Credit Norway is not in compliance with its reporting obligations. The link provided is broken or not correct