Export Finance Australia engages an independent environmental and social expert to review the application of its Policy and Procedure for environmental and social review of transactions periodically.
Export Finance Australia has commissioned four reviews, in 2012, 2014, 2016 and 2019. Results of the reviews are provided below.
Ernst & Young (EY) undertook the fourth independent review of the Policy and Procedure. This was completed at the end of January 2020.
A copy of the EY report can be found here.
The review conclusion is:
In our opinion, the environmental and social review of transactions and, where relevant, their associated projects completed by Export Finance Australia, between 1st July 2016 and 30th June 2019, was properly completed, in all material respects, in accordance with the requirements of the Export Finance Australia’s Policy for environmental and social review of transactions and the Export Finance Australia Procedure for environmental and social review of transactions.
Copies of the previous reviews are provided below: