Connecting innovation in export credit to global problem-solving
of climate challenges and low-carbon transition


Launched in 2022, the Climate Working Group will advance the Berne Union Membership’s thought leadership and practices within export credit, trade finance and political risk insurance and contribute to global problem-solving around climate challenges and sustainable development.

The Group will leverage its diverse expertise and global network to encourage the development of innovative products, incentives, and financing opportunities; to promote alignment around low-carbon methodologies; and to foster greater collaboration across the financial sector.


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The CWG is currently focusing on three main workstreams:

Products, Incentives and Innovation

Profiling innovations in product offerings, advisory services, treasury, blended finance etc.

Best Practices in Low-Carbon Transition

Sharing best practice in target-setting, SBTs, reporting, portfolio accounting, etc

Policy Coherence & Alignment

Examining material global policy developments directly/indirectly impacting export credit

Within each workstream we will work on a set of deliverables which will help to advance thinking thinking around the topic by sharing information, showcasing best practice or creating new tools and references.

Our work aims to be complimentary to existing initiatives as well as practical and inclusive to organisations at all stages of their climate development.


As well as sharing all resources directly created by the CWG, we will use this page to catalogue and link a library of resources relating to climate and low-carbon transition relevant for export credit and international finance. This includes e.g.  research papers  climate policy examples  sample reports (TCFD reporting, etc.) technical frameworks / methodology outlines  other relevant initiatives and groups

CWG Strategy and Call Summaries

Documents Produced by the Climate Working Group
Including meeting summaries and strategy documents 

CWG Summary of Call on 27.03.24 Climate Innovation Session in Olso recap, 2024 webinar outlines
CWG Summary of Call on 13.02.24 2024 Workplan
CWG Summary of Call on 22.08.23 Net Zero Export Credit Alliance update, see also video
CWG Summary of Call on 14.06.23 Stock taking on CWG progress and future plans
CWG Summary of Call on 25.04.23 Members' experience implementing COP26 - part 3
CWG Summary of Call on 21.03.23 Members' experience implementing COP26 - part 2
CWG Summary of Call on 30.01.23 Net Zero ECA Alliance and members' experience implementing COP26 - part 1
CWG Summary of Call on 20.12.22 COP27 attendance report back
CWG Summary of Call on 25.10.22 GFANZ webinar report back and COP27 preparations
CWG Summary of Call on 06.09.22 Summary of discussion during the CWG call on 6 Sept 2022
CWG Summary of Call on 18.07.22 Summary of discussion during the CWG call on 18 July 2022
CWG Summary of Call on 21.06.22 Summary of discussion during the CWG call on 21 June 2022
CWG Summary of Call on 24.05.22 Summary of discussion during the sixth CWG call on 24 May 2022
CWG Summary of Call on 03.05.22 Summary of discussion during the fifth CWG call on 3 May 2022
CWG Summary of Call on 05.04.22 Summary of discussion during the fourth CWG call on 5 April 2022
ICC SWG presentation to the BU CWG Update from ICC on developments within the sustainability working group
CWG Workplan Outline Slides from our fourth call on 5th April 2022
CWG Summary of Call on 22.03.22 Summary of discussion during the third CWG call on 22nd March 2022
CWG Summary of Call on 22.02.22 Summary of discussion during the second CWG call on 22nd Feb 2022
CWG Workplan Formulation Slides from our second call on 22nd February 2022
CWG Summary of Call on 03.02.22 Summary of the discussions during the CWG kick-off call on 3rd February 2022
CWG Establishing Slides from the kick-off call on 3rd February 2022

Climate Research

Research, White Papers and Surveys
Below are research and white papers on the topics of climate policy, net zero or low-carbon transition and broader environmental sustainability in export credit and investment insurance.

ICC Sustainability in Export Finance Progress Report 2022 ICC progress report update on adoption of the ICC Sustainability White Paper recommendations - published February 2023
Oxford, IfTI, Newcastle latest joint publication "Export Finance and the Green Transition“ in Global Policy Focus on EXIM and ECA strategic directions, current climate finance flows, future requirements, challenges and portfolio implications
ICC Sustainability in Export Finance White Paper Update ICC White Paper progress scorecard template
ICC Sustainability in Export Finance White Paper (Short Version) Short version of the ICC Sustainability White Paper - Published June 2022
ICC Sustainability in Export Finance White Paper ICC White Paper published in September 2021: Baseline of current practice and policy / product recommendations targeting an increase in flows of sustainable export finance
OECD Survey on on climate and sustainability practices and policies Responses to the Survey from 16th December 2021, published by the OECD Working Party on Export Credits and Credit Guarantees
Towards Net Zero Export Credit - Oxford University This report describes the decarbonization transformation and considers its implications for ECAs
Integrity through Alignment: A 2022 Roadmap for Global Standards and Market-led Approaches in Sustainable Finance (IIF) a roadmap for public-private collaboration in: Disclosure; Climate and ESG data and ratings; Classification / taxonomies; Scenario-based Climate Risk Measurement; Regulatory Capital; and Net Zero Alignment and Transition Plans

Climate Policy

Climate Policy Examples and Approaches
Below are links to climate policies shared by working group members, as well as background on the approach behind these. Want to add your policy? please contact us.

French Finance Law 2023 Bpifrance on ending state export guarantees for the coal sector
The World Bank Group Climate Policy The World Bank Group’s Approach to Paris Alignment
CESCE Climate Policy CESCE Climate Change Policy
Credendo Climate Policy Credendo’s policy regarding public support for the energy transition from fossil fuels to clean energy
Finnvera Climate Policy Finnvera restricts export credit guarantees for oil and gas projects
Atradius DSB Climate Policy COP26-declaration: exclusions from 1 Jan 2023
E3F members' national approaches to phase out support for fossil fuels Members' national published policy in a standardised format
EDC Climate Policy Principles and commitments which guide EDC’s approach to climate change-related risks and opportunities
Background to EDC Net Zero Commitment Steps, considerations and decisions along the path to net zero by 2050
IDFC Operationalization Framework on Aligning with the Paris Agreement A study with proposals for implementation of each of the 6 principles for alignment endorsed by IDFC
Strategic Alignment with the Paris Agreement A study demonstrating the 3 levels of alignment for PDBs : level strategic, operational and governance
World Bank Climate Change Action Plan The Climate Change Action Plan 2021–2025 aims to advance the climate change aspects of the WBG’s Green, Resilient, and Inclusive Development (GRID) approach
UKEF Climate Policy UKEF Climate Change Strategy 2021 - 2024
UKEF E&S Policy UK Export Finance Environmental Social and Human Rights Policy

Sample Reports (TCFD, sector transition etc.)

Sample Reports
Below are examples of climate reporting, including for TCFD (Task Force on Climate-Related Financial Disclosures) reports.

Investec Climate Report 2022 Climate-related financial disclosures 2022
E3F Transparency Report E3F Transparency Report on energy sector commitments - published May 2022
UKEF TCFD Report 2021/22 UKEF’s TCFD report for the financial year 21/22 p. 97 onwards
EDC TCFD 2020 Report Example of EDC's 2020 TCFD Report
UKEF TCFD Report 2020/21 UKEF's first TCFD report (pp 137-144)

Technical Framework / Methodology

Methodologies for Assessing, Mitigating, Accounting, Reporting
Documents outlining technical approaches to incorporating climate-related targets and policies within business processes for assessing, mitigating, tracking and reporting.

Swedish Scientific Climate Council meeting notes Advisory support to EKN and SEK to assist aligning the Swedish export finance system with the Paris Agreement’s 1.5°C goal
Transaction Climate Change Due Diligence EDC's due diligence framework for climate change
EDC ESG Framework Outline of general ESG principles and practice followed by EDC
IDFC / MDB Common Principles for Climate Mitigation Finance Tracking Common principles for tracking mitigation climate finance, updated in 2021, by IDFC and MDBs
IDFC / MDB Common Principles for Climate Change Adaptation Finance Tracking Common principles for tracking adaptation climate finance, endorsed by IDFC and MDBs

Common ESG Principles and Standards

Common Principles for ESG and Green Finance, Investment and Insurance
Below are links to some of the main principles and frameworks applied by many ECAs, insurers, lenders and investors. Note that a comprehensive summary taxonomies, standards and reporting frameworks relevant to export finance is included in the ICC White Paper on Sustainability in Export Finance 

UNEP FI Principles for Sustainable Insurance Launched at the 2012 UN Conference on Sustainable Development, the UNEP FI Principles for Sustainable Insurance serve as a global framework for the insurance industry to address environmental, social and governance risks and opportunities
PSI ESG Guide for Non-Life Insurance ESG guide for the global insurance industry developed by UN Environment Programme’s Principles for Sustainable Insurance Initiative
IAIS Application Paper on the Supervision of Climate-related Risks in the Insurance Sector Published in May 2021 by the The International Association of Insurance Supervisors
Equator Principles Financial industry benchmark for determining and assessing and management environmental and social risk in projects
ICMA Green Bond Principles The Green Bond Principles (GBP) seek to support issuers in financing environmentally sound and sustainable projects that foster a net-zero emissions economy and protect the environment.
IFC Performance Standards on Environmental and Social Sustainability commonly applied standards for assessing ESG of projects
LMA Green Loan Principles high-level framework of market standards and guidelines, providing a consistent methodology for use across the green loan market
OECD 'Common Approaches' Common approaches for officially supported export credits and environmental and social due diligence

Other Climate Initiatives

Climate Commitments and Approaches of Other Groups
The table below includes links to documents and resources mapping the current state of play, ambitions and achievements of other organisations, collectives and initiatives within international finance. This includes the Finance in Common Summit of Public Development Banks (FiCS), International Development Finance Club (IDFC), Glasgow Financial Alliance for Net Zero (GFANZ) and European Development Finance Institutions (EDFI)

UN-Convened Net-Zero Export Credit Alliance (NZECA) NZECA CWG Webinar Presentation 22 Aug 2023
The Net-Zero Export Credit Alliance: The case for greater collaboration on climate leadership NZECA Presentation August 2023
NZECA Concept Note NZECA Concept Note
Joint Report on Multilateral Development Banks' Climate Finance How MDBs and IDFC banks are defining "climate finance"
Finance for climate action: scaling up investment for climate and development Report of the Independent High-Level Expert Group on Climate Finance
The Sharm El Sheikh Guidebook for Just Financing Developing and emerging countries’ climate opportunities and risks report launched at COP27
Statement on International Public Support for the Clean Energy Transition COP26 actions commitment by the end of 2022
Finance in Common Joint Declaration of Public Development Banks The Finance in Common Summit focuses on how PDBs can influence the global financial system to better protect our planet and our societies.
European Commission Statement on Sustainable Finance From October 2021
EDFI (European DFIs) Statement on Alignment with the Paris Agreement From November 2020
Adaptation & Resilience Investors Collaborative (DFIs) From November 2021
Financing the 2030 Agenda: An SDG alignment framework for Public Development Banks European Think Tanks Group - From October 2021
Mapping Public Development Banks From October 2021
IDFC Green Finance Mapping Report From November 2021
IDFC State of Ambition on Climate 2022 From November 2021
IDFC 10 Years of Action report 2011 - 2021
GFANZ - Progress and plan towards a net zero global economy GFANZ - Glasgow Financial Alliance for Net Zero - from November 2021
MDB Climate Finance Joint Report 2020 Overview of Methodologies and report on climate finance provided by MDBs

Other BU Climate Resources / Videos

Other Berne Union Resources Relating to Climate
These include outputs from other initiatives: The Capacity Sharing Marketplace - outreach to development institutions; Sustainability Meetings with commercial banks and Berne Union publications

Panel Recordings from the CWG Workshop in Dubai 6 Dec 2023 Technical workshop on COP28 outcomes, dynamic pathways to decarbonisation and cooperative climate finance
Highlights from the Climate Working Group Workshop in Dubai 6 Dec 2023 Highlight video from the BU CWG technical workshop held alongside COP28
BUlletin: Summer 2021 on Climate Approaches Collection of articles outlining approaches to climate among BU Members and Others
Sustainability Meeting Documents from the BU-ICC Sustainability Meeting in 2019


The institutions and individuals contributing to this work include experts from a range of disciplines across climate, ESG, sustainability; risk underwriting; policy and international relations, representing export credit agencies, multilateral investment insurers, development institutions, commercial banks and private insurance companies.

The CWG is chaired by Karin Wessman, Head of Sustainability at EKN, and managed by Eve Hall, Associate Director at the Berne Union Secretariat.

Full details and bios of all participants below.

CHAIR (Karin Wessman, EKN)

Karin Wessman

Head of Sustainability, EKN

Karin has 20 years professional experience in the field of responsible business practices and is currently heading a team of 9 sustainability experts at EKN. Prior to joining EKN in 2013, Ms. Wessman worked as a sustainability consultant and prior to that spent nine years working for WWF, the World Wide fund for Nature.

SECRETARIAT (Eve Hall, Paul Heaney)

Eve Hall


Eve is skilled in corporate finance, business development and investor relations with experience in financial services, management consulting, international media and, most recently, export credit insurance. Primary responsibility for managing the BU Climate Working Group as well as Prague Club, SME, reinsurance, and project finance specialist groups.  

Paul Heaney


Paul has over a decade of experience working on all aspects of strategic communications, media, PR and stakeholder engagement within international finance. He manages Berne Union research, publications and outreach to external stakeholders, including through the 'Capacity Sharing Marketplace' initiative.

AFD (Adama Mariko, Mathilde Bord-Laurans, Charlotte-Fleur Cristofari)

Adama Mariko

Adjoint Directeur Exécutif Stratégie, Partenariats et Communication, AGENCE FRANÇAISE DE DÉVELOPPEMENT& Secretary General, FINANCE IN COMMON

Prior to FiCS in 2021, Adama was AFD’s Management Board member in charge of financial planning. Adama joined AFD in 2009. He has worked in West Africa, in the Indian Ocean, and in both the Finance and Risk departments at Paris headquarter. Recently appointed Deputy Director for Strategy, Partnerships and Communication of AFD, Adama joined FICS as Secretary General. Adama graduated in Finance from Paris-Dauphine and holds a Master in Public Administration from Ecole Nationale d'Administration.

ATI (Clement Yapo)

Clement Yapo


Clement is an Ivorian national who have been working in environmental and social field for more than 20 years, supporting companies within Africa to mitigate negative E&S impacts. Since March 2021, he joined the headquarters of the African Trade Insurance Agency (ATI) in Nairobi as Senior ESG Officer.

AXA XL (Simon Morden)

Simon Morden

Senior Underwriter, Global Political Risk, Credit & Bond, AXA XL

Simon is a Senior Underwriter in the Political and Credit Risk team at AXA XL, a division of AXA Group. He joined in 2018 and prior to which he had a 21 year banking career, 15 years of which were in Loan Syndications including a 5 year period in Abu Dhabi. Simon has worked for SCB, GIB, SMBCE and FAB during his banking career.

ATRADIUS DSB (Irene Visser)

Irene Visser

Head of Strategy, ATRADIUS Dutch State Business

BPIFRANCE (Maëlia Dufour, Elsa Pancek, Mathilde Moreau)

Maëlia Dufour

Director International Relations, Business Development, Rating, Environment and Climate, BPIFRANCE

Maëlia has worked for the French State Export Credit Agency, for many years.
She deals with a wide range of environmental, social and climate issues along with her team of experts in that field.

Elsa Pancek

Environmental, Social and Climate Analyst, BPIFRANCE

Elsa graduated from the Université Catholique de l'Ouest with a Master's degree in Ecology and Sustainable Development and is an environmental, social and climate analyst at Bpifrance Assurance Export.

Mathilde Moreau

Junior Environmental, Social and Climate Analyst, BPIFRANCE

Currently studying for a Master's degree in finance at Neoma BS, Mathilde Moreau is a junior environmental, social and climate analyst at Bpifrance Assurance Export.

CESCE (Julio Fernandez-Giro Ayuga)

Julio Fernandez-Giro Ayuga

Senior Analyst, CESCE

Julio has been working for Cesce since 2007 as an E&S and technical specialist reviewing high-risk projects, and also providing support to the Spanish Administration in the international negotiations at the OECD and the EU. Recently, intensively focused on climate change aspects.

DZ BANK (Ralph Lerch)

Ralph Lerch

Head of Export Finance, DZ BANK

Ralph joined DZ BANK in May 2018 and heads a dedicated team of export finance spe-cialists covering all major ECAs. From 2013 to 2018 Ralph acted as Chair of EBF’s Export Credit Working Group. Heis a member of the ICC Export Finance Committee, the ICC Sustainability Working Group and the EulerHermes Expert Group.

EDC (Leah Gilbert Morris, DJ Kim)

Leah Gilbert Morris

Director, International and ECA Relations, EXPORT DEVELOPMENT CANADA

An environmental scientist by education, Leah has more than two decades of export credit and international trade finance experience, and a strong environmental, social and governance (ESG) background. She has led the Canadian delegation for export credit to the OECD and IWG and served a four-year term as a Vice-Chair of the OECD Export Credit Bureau and as Chair of the OECD Environmental and Social Practitioners' working group. She presently leads EDC’s International & ECA Relations team and she has also served in two multilateral DFIs, Canada's commercial banking sector and the Canadian Department of Finance.

Da-Jeong Kim

Advisor, Climate and ESG Policy, EXPORT DEVELOPMENT CANADA

Da-Jeong joined EDC in 2018 and is an Advisor on ESG Policy (Climate), leading EDC’s carbon accounting and climate-related disclosure. Da-Jeong holds a M.Env.Sc from the University of Toronto specialized in climate change impact assessment and a B.Sc. (Ag.Env) from McGill University. Prior to EDC, she worked in environmental field research and sustainable facilities management.

EIFO (Toke Philipsen Prahm)

Toke Philipsen Prahm

Chief Policy Advisor International Regulation and Policy, EIFO

Toke is Chief policy advisor at EIFO Export and Investment Fund of Denmark working primarily on international negotiations and climate issues. Toke is part of EIFO's International Regulation and Policy team with a primary focus on export credit policy at EU and OECD level. Toke has been working on updating the OECD Arrangement for Export Credits covering a wide range of topics from financial terms and conditions to climate.

At EIFO Toke has worked on Climate Strategy, CO2 displacement model, Net Zero commitment and a GHG footprint assessment. Further, Toke represents Denmark in the E3F coalition where COP26 statement implementation and phase out of support for fossil fuel related activity is a focus area. On international climate issues Toke represents EIFO at the work undertaken at GFANZ. Toke is a member of the EU Export Finance Lab. 

EKN (Victor Carstenius)

Victor Carstenius

Senior Analyst, EKN

Victor Carstenius is a senior analyst at the Swedish Export Credit Agency EKN. Victor is working within the sustainability team at EKN with climate related projects; including analysing climate related risks and opportunities, product development to promote green export, and setting climate targets and strategies for EKN’s portfolio. Victor is an economist by education and has a background in country and bank risk analysis.

INVESTEC (Chris Mitman)

Chris Mitman

Global Head of Export Finance, INVESTEC

Chris is Global Head of Export Finance at Investec Bank plc based in London where he founded the business in 2010. Previously he was Global Head of Export Finance at ANZ Bank based in Singapore. He is a member of the ICC Export Finance Committee and Co-Chair of the ICC Export Finance Sustainability Working Group which recently published a landmark White Paper on Sustainability in Export Finance

MIGA (Olga Sclovscaia)

Olga Sclovscaia


Olga covers climate thematically in MIGA’s operations. She has co-led the formulation of MIGA’s corporate climate strategy and operationalization of the World Bank Group Climate Change Action Plan. She has led a project to understand the regulatory treatment of climate projects globally.

UKEF (Meg Nicolaysen)

Meg Nicolaysen

Deputy Director, Climate Change and Sustainability, UK EXPORT FINANCE

DFC (Marlena Hurley)

Marlena Hurley


Marlena has 10 years of experience in political risk insurance and 20 years in international development. With DFC she works on developing solutions for renewable energy and other projects supporting climate resilience and mitigation. In 2019, she co-founded the initiative with The Nature Conservancy to support Blue Bonds for Marine Conservation through political risk insurance.


For more information or enquiries about the CWG, please email:

Eve Hall at the Berne Union Secretariat