51²è¹Ý

Issued cases designated as Category A, having high potential environmental, social and human rights (ESHR) impacts, where UKEF has contingent liabilities outstanding.

1. Angola

1.1 Project: Construction and operation of 240km transmission line (Lauca)

Year of issue

2018-19

Applicable ESHR risk framework

OECD Common Approaches

Product

Reinsurance (to EIFO, Danish ECA)

Project Phase

Operations

Key risks

• Health and safety

• Noise and air quality

• Biodiversity

• Physical resettlement and economic displacement

• Waste management

Monitoring summary

Annual IESC monitoring report received and reviewed. UKEF coordinating with EIFO in reviewing and responding.

2. Bahrain

2.1 Project: Upgrade and modernisation of the existing BAPCO refinery

Year of issue

2019-20

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Project Finance / Direct Loan / Buyer Credit Guarantee

Project Phase

Construction

Key risks

• Environmental pollution;

• Health and safety;

• Noise and air quality;

• Waste management; and

• Labour and Working Conditions

Monitoring summary

The most recent monitoring report from ERM was received and reviewed in November 2024. The project is encountering difficulties stemming from the subcontractor’s failure to pay workers’ wages and concerns over extended working hours. UKEF, in coordination with other ECAs, continues to monitor the situation closely.

3. Belgium

3.1 Project: Design, engineering, procurement, construction, commissioning, operation and maintenance of a 1,450 kta ethane cracker and associated transportation, storage and utilities infrastructure (Project One) located at the Port of Antwerp, Belgium (INEOS Project ONE)

Year of issue

2022-23

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Project Finance - Buyer Credit Guarantee

Project Phase

Construction

Key risks

• climate change;

• biodiversity;

• occupational health and safety;

• emissions to the atmosphere (including land, air and water);

• waste and hazardous material management;

• emergency planning and response;

• community health and safety; and

• community engagement

Monitoring summary

Semi-annual IESC’s monitoring reports received and reviewed. No major issues to be reported.

4. Brazil

4.1 Project: Petrobras oil and gas exploration and production in three offshore Brazilian basins, Line of Credit (LOC) Phase I

Year of issue

2011-12

Applicable ESHR risk framework

OECD Common Approaches

Product

Line of Credit Guarantee

Project Phase

Operations

Key risks

• Environmental pollution

• Labour and working conditions

• Health and safety

• Waste management

• Community safety / stakeholder engagement

• Emergency response

• Decommissioning

Monitoring summary

Monitoring related to Petrobras Phase I is included within monitoring of Petrobras LOC III.

4.2 Project: Petrobras oil and gas exploration and production in three offshore Brazilian basins, Line of Credit (LOC) Phase II

Year of issue

2015-16

Applicable ESHR risk framework

OECD Common Approaches

Product

Line of Credit Guarantee

Project Phase

Operations

Key risks

• Environmental pollution;

• Labour and working conditions;

• Health and safety;

• Waste management;

• Community safety/stakeholder engagement;

• Emergency response; and

• Decommissioning

Monitoring summary

Monitoring related to Petrobras Phase II is included within monitoring of Petrobras LOC III.

4.3 Project: Petrobras oil and gas exploration and production in three offshore Brazilian basins, Line of Credit (LOC) Phase III

Year of issue

2018-19

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Line of Credit Guarantee

Project Phase

Operations

Key risks

• Environmental pollution;

• Labour and working conditions;

• Health and safety;

• Waste management;

• Community safety / stakeholder engagement;

• Emergency response; and

• Decommissioning

Monitoring summary

Monitoring reports received and reviewed.

5. Egypt

5.1 Project: Design, construction, operation and maintenance of two monorail lines (Cairo Monorails)

Year of issue

2020-21

Applicable ESHR risk framework

OECD Common Approaches

Product

Buyer Credit Guarantee

Project Phase

Construction

Key risks

• Health and safety;

• Air, noise and soil quality;

• Wastewater and waste management;

• Physical and economic displacement; and

• Cultural heritage

Monitoring summary

IESC reports received and reviewed. Several issues and potential breaches of the E&S obligations reported during this financial year.

6. Ghana

6.1 Project: Development of oil and gas exploration and production facilities in the offshore Sankofa and Gye Nyame gas fields and Sankofa East oil field, part of the Offshore Cape Three Points (OCTP) block, utilising a floating production, storage and offloading unit (FPSO) and an onshore gas receiving facility (ORF)

Year of issue

2016-17

Applicable ESHR risk framework

OECD Common Approaches

Product

Buyer Credit Guarantee / Direct Lending

Project Phase

Operations

Key risks

• Environmental pollution;

• Labour and working conditions;

• Health and safety / contractor management;

• Biodiversity;

• Emergency response; and

• Decommissioning

Monitoring summary

Annual self-monitoring report received and reviewed; IESC monitoring report due in the coming months.

6.2 Project: Rehabilitation and upgrade of an existing road, Bolgatanga

Year of issue

2021-22

Applicable ESHR risk framework

OECD Common Approaches

Product

Buyer Credit Guarantee / Direct Lending

Project Phase

Construction

Key risks

• Worker and community health and safety;

• Physical and economic displacement;

• Emissions to the atmosphere (including land, air and water, and climate change);

• Traffic management and road safety;

• Wastewater treatment;

• Waste and hazardous material management; and

• Community engagement

Monitoring summary

Construction self-monitoring report received and reviewed in early 2022; in December 2022 Project was suspended due to Ghana Ministry of Finance announcing suspension of payments on selected external debts. The Project has not yet restarted.

6.3 Project: Upgrade of the Tema-Alfao Road

Year of issue

2020-21

Applicable ESHR risk framework

OECD Common Approaches

Product

Buyer Credit Guarantee / Direct Lending

Project Phase

Construction

Key risks

• Air emissions;

• Noise and vibration;

• Waste management;

• Land acquisition and livelihood impacts;

• Occupational and community health and safety;

• Worker welfare; and

• Community engagement

Monitoring summary

Facility has been suspended pending restructuring. The project was visited by UKEF E&S in Dec 2024 and the IESC in Feb 2025. An IESC monitoring report was received in April 2025 to advise on actions needed prior to reinstatement of the loan. These actions related to updates of management plans and provision of additional information on Resettlement.

7. Iraq

7.1 Project: Construction and operation of a 750MW power station (Dhiqar)

Year of issue

2018-19

Applicable ESHR risk framework

OECD Common Approaches

Product

Buyer Credit Guarantee / Direct Lending

Project Phase

Operations

Key risks

• Health and safety;

• Noise and air quality;

• Wastewater and waste management; and

• Resource efficiency

Monitoring summary

IESC report received, the plant has been operating on a combination of fuel oil and gas due to issues with gas availability. At the time of the site visit by the IESC the plant was operating on gas.

7.2 Project: Construction and operation of a 750MW power station (Samawa)

Year of issue

2018-19

Applicable ESHR risk framework

OECD Common Approaches

Product

Buyer Credit Guarantee / Direct Lending

Project Phase

Operations

Key risks

• Health and safety;

• Noise and air quality;

• Wastewater and waste management; and

• Resource efficiency

Monitoring summary

IESC report received, the plant has been operating on a combination of fuel oil and gas due to issues with gas availability. At the time of the site visit by the IESC the plant was operating on gas.

8. Kuwait

8.1 Project: KNPC Clean Fuel Project

Year of issue

2018-19

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Buyer Credit Guarantee

Project Phase

Operations

Key risks

• Health and safety;

• Noise and air quality;

• Waste management;

• Soil, Groundwater and Surface Water Contamination; and

• Worker welfare

Monitoring summary

Annual self-monitoring report received and reviewed; IESC Report due in the coming months.

9. Mozambique

9.1 Project: Development of offshore gas fields

Year of issue

2020-21

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Project Finance

Project Phase

Construction

Key risks

• Labour and working conditions;

• Community health, safety, and security;

• Air, noise and soil quality;

• Waste and hazardous substances management;

• Physical resettlement and economic displacement;

• Biodiversity; and

• Cultural heritage

Monitoring summary

Force Majeure was called by Total in April 2021 due to the deteriorating security situation.

10. Oman

10.1 Project: Construction and operation of a natural gas liquids (NGL) extraction plant, NGL pipeline and a petrochemical complex

Year of issue

2015-16

Applicable ESHR risk framework

OECD Common Approaches

Product

Project Finance

Project Phase

Operations

Key risks

• Environmental pollution;

• Noise and Air Quality Labour and working conditions; and

• Health and safety / contractor management

Monitoring summary

IESC monitoring reports received and reviewed. The project has transitioned to its operational phase.

10.2 Project: Construction and operation of Duqm oil refinery

Year of issue

2018-19

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Project Finance

Project Phase

Construction

Key risks

• Biodiversity;

• Worker welfare;

• Health and safety;

• Noise and air quality;

• Waste management; and

• Resource efficiency

Monitoring summary

Self-monitoring reports received and reviewed; IESC report due in the coming months. Construction works are drawing to a close; operations-phase E&S Management Plans received and approved.

11. Saudi Arabia

11.1 Project: Construction and operation of Sadara hydrocarbon and chlorine-based production complex

Year of issue

2013-14

Applicable ESHR risk framework

OECD Common Approaches

Product

Project Finance

Project Phase

Operations

Key risks

• Environmental pollution;

• Labour and working conditions; and

• Health and safety

Monitoring summary

IESC monitoring report received and reviewed.

11.2 Project: Supply of goods and services for the construction of the Six Flags Qiddiya City theme park.

Year of issue

2024-25

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Buyer Credit Guarantee

Project Phase

Construction

Key risks

• Labour and working conditions;

• Environmental pollution; and

• Community engagement

Monitoring summary

IESC monitoring report received and reviewed

12. Senegal

12.1 Project: Construction and rehabilitation of multiple roads within the national road network of Senegal (Project Strada)

Year of issue

2022-23

Applicable ESHR risk framework

OECD Common Approaches / Equator Principles

Product

Line of credit, Buyer Credit Guarantee

Project Phase

Construction

Key risks

• Labour and working conditions;

• Environmental pollution;

• Materials management in relation to shared resources and/or associated facilities;

• Community health, safety and security;

• Physical and economic displacement;

• Biodiversity management;

• Cultural heritage; and

• Monitoring and reporting for multiple project component locations.

Monitoring summary

This is a line of credit with multiple tranches containing both physical and financial components. No tranches contain physical components have been approved yet hence monitoring requirements have not yet commenced.

13. Serbia

13.1 Project: Design, construction and maintenance of a new motorway (Morava Corridor)

Year of issue

2021-22

Applicable ESHR risk framework

OECD Common Approaches / Equator Principles

Product

Buyer Credit Guarantee

Project Phase

Construction

Key risks

• Air emissions and climate change;

• Noise and vibration;

• Soil quality;

• Waste management;

• Biodiversity;

• Land acquisition and livelihood impacts;

• Occupational and community health and safety;

• Worker welfare;

• Cultural heritage; and

• Visual impacts

Monitoring summary

IESC monitoring reports received and reviewed.

14. Taiwan

14.1 Project: Construction of an offshore wind farm (Formosa 2)

Year of issue

2019-20

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Project Finance

Project Phase

Operations

Key risks

• Health and safety during construction;

• Underwater noise pollution;

• Biodiversity; and

• Economic displacement

Monitoring summary

Project is in operations. IESC monitoring reports received and reviewed.

14.2 Project: Construction of an offshore wind farm (Changfang and Xiado)

Year of issue

2019-20

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Project Finance

Project Phase

Operation

Key risks

• Health and safety;

• Underwater noise pollution;

• Biodiversity; and

• Economic displacement

Monitoring summary

Self-monitoring and IESC reports received and reviewed.

14.3 Project: Construction of an offshore wind farm (Changhua)

Year of issue

2021-22

Applicable ESHR risk framework

OECD Common Approaches / Equator Principles

Product

Project Finance

Project Phase

Operation

Key risks

• Labour and working conditions, including occupational health and safety;

• Management of thirds-party contractors and suppliers;

• Biodiversity and underwater noise pollution;

• Community engagement and grievance mechanisms;

• Marine traffic management and marine safety; and

• Economic displacement and livelihood restoration

Monitoring summary

Self-monitoring and IESC reports received and reviewed.

14.4 Project: Construction of an offshore wind farm (Hai Long Northland Power)

Year of issue

2023-24

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Project Finance

Project Phase

Construction

Key risks

• air pollution;

• health and safety;

• social and community impacts;

• marine habitats;

• biodiversity, particularly migratory birds;

• emergency planning and response;

• grievance mechanisms;

• worker conditions of contract; and

• community engagement.

Monitoring summary

Quarterly IESC monitoring reports were received through the year. The project was subject to a Corrective Action Plan following a multiple casualty accident including 3 fatalities. UKEF undertook a site visit in January 2025 to support follow-up. A preliminary monitoring report for Q1 of 2025 is available but a final version is pending.

14.5 Project: Construction of an offshore wind farm (Fengmiao 1)

Year of issue

2024-25

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Project Finance

Project Phase

Construction

Key risks

• Labour and working conditions, including occupational health and safety;

• Management of third-party contractors and suppliers;

• Biodiversity and underwater noise pollution;

• Community engagement and grievance mechanisms;

• Marine traffic management and marine safety; and

• Economic displacement and livelihood restoration

Monitoring summary

Waiting for the first IESC monitoring report.

14.6 Project: Construction of an offshore wind farm (Project Trinity)

Year of issue

2024-25

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Project Finance

Project Phase

Construction

Key risks

• Labour and working conditions, including occupational health and safety;

• Management of thirds-party contractors and suppliers;

• Biodiversity and underwater noise pollution;

• Community engagement and grievance mechanisms;

• Marine traffic management and marine safety; and

• Economic displacement and livelihood restoration

Monitoring summary

A first monitoring visit was carried out by the IESC in March 2025 and a Self-Monitoring report for Q1 2025 have been produced. However, a final IESC monitoring report for the period is pending.

15. Tanzania

15.1 Project: Expansion and upgrade of an existing Airport  (Pemba)

Year of issue

2022-23

Applicable ESHR risk framework

OECD Common Approaches / Equator Principles

Product

Buyer Credit Guarantee

Project Phase

Construction

Key risks

• Physical and economic displacement;

• Biodiversity;

• Occupational health and safety;

• Climate change;

• Emissions to air;

• Noise impacts;

• Waste management;

• Emergency planning and response;

• Community health and safety; and

• Community engagement

Monitoring summary

The facility is currently suspended (due to a change in Contractor and scope. The project is also considered by UKEF to be in breach of E&S obligations as compensation paid to resettled communities does not meet the requirements of the agreed Framework Resettlement Action Plan. The IESC visited the site to investigate the obligations breach (Nov 2024). A resolution/remedy to this is under discussion with the Borrower.

15.2 Project: Construction of 3 roads

Year of issue

2022-23

Applicable ESHR risk framework

OECD Common Approaches / Equator Principles

Product

Buyer Credit Guarantee

Project Phase

Construction

Key risks

• Physical and economic displacement;

• Biodiversity;

• Occupational health and safety;

• Climate change;

• Emissions to air;

• Noise impacts;

• Wastewater treatment;

• Waste management;

• Emergency planning and response;

• Community health and safety; and

• Community engagement

Monitoring summary

The facility is currently suspended and subject to restructuring due to a change in the Sponsor/Contractor. The IESC visited the site in April 2025 and confirmed no construction work has taken place.

16. °Õü°ù°ì¾±²â±ð

16.1 Project: Design, construction and operation of a solar power plant (Kalyon)

Year of issue

2021-22

Applicable ESHR risk framework

OECD Common Approaches / Equator Principles

Product

Buyer Credit Guarantee

Project Phase

Operations

Key risks

• Labour and working conditions;

• Human rights risks in the supply chain;

• Resource efficiency (in particular the use of water);

• Land, air and water emissions;

• Wastewater, waste and hazardous material management;

• Community health and safety, including the use of security personnel;

• Land acquisition and economic displacement;

• Biodiversity, including the potential presence of critical habitats; and

• Stakeholder engagement

Monitoring summary

IESC reports received and reviewed.

16.2 Project: Development and operation of a double-track high-speed rail (Ankara-Izmir)

Year of issue

2021-22

Applicable ESHR risk framework

OECD Common Approaches / Equator Principles

Product

Buyer Credit Guarantee

Project Phase

Construction

Key risks

• Physical and economic displacement;

• Biodiversity, including impacts on critical habitats;

• Occupational health and safety;

• Air and noise emissions;

• Impacts on land and water;

• Waste and hazardous material management;

• Wastewater treatment;

• Construction camp conditions; and

• Community engagement

Monitoring summary

Self-monitoring report received and reviewed. IESC reports received and reviewed.

16.3 Project: Development and operation of a new Urea Production Plant in the Gemlik District of Bursa

Year of issue

2022-23

Applicable ESHR risk framework

OECD Common Approaches / Equator Principles

Product

Buyer Credit Guarantee

Project Phase

Construction

Key risks

• Labour and working conditions, including occupational health and safety and work; conditions of contract;

• Wastewater, waste and hazardous material management;

• Community health and safety;

• Community engagement;

• Emergency planning and response; and

• Emissions to air / climate change

Monitoring summary

The last site visit by the IESC took place in April 2025. UKEF is currently awaiting the IESC monitoring report. The project is expected to commence operations in July 2025. The OESMP has been received and reviewed.

16.4 Project: Construction and operation of the MERSIN-ADANA-OSMANIYE-GAZIANTEP (MAG) high-speed rail (HSR)

Year of issue

2022-23

Applicable ESHR risk framework

OECD Common Approaches / Equator Principles

Product

Buyer Credit Guarantee

Project Phase

Construction

Key risks

• physical displacement;

• biodiversity and natural habitats;

• occupational health and safety;

• emissions to air;

• noise impacts;

• wastewater treatment;

• waste and hazardous material management;

• emergency planning and response;

• construction camp conditions;

• community health and safety; and

• community engagement

Monitoring summary

IESC monitoring reports received and reviewed. Potential breaches of the E&S obligations lead to a draw stop and corrective action plan (CAP). The CAP implementation is in good progress.

16.5 Project: Construction and operation of a double-track high-speed rail (Yerköy-Kayseri)

Year of issue

2022-23

Applicable ESHR risk framework

OECD Common Approaches / Equator Principles

Product

Buyer Credit Guarantee

Project Phase

Construction

Key risks

• physical and economic displacement;

• critical habitats;

• occupational health and safety;

• air, noise and vibration impacts;

• wastewater treatment;

• waste and hazardous material management;

• emergency planning and response;

• construction camp conditions;

• grievance mechanisms; and

• community engagement

Monitoring summary

Quarterly IESC reports received and reviewed. E&S incident of wrker fatality in Spring 2025 (ongoing investigation).  Grievances due to expropriation and worker rights have been received by UKEF directly. UKEF attended the Feb 2025 E&S site visit.

16.6 Project: Construction and operation of seven solar photovoltaic (PV) Projects

Year of issue

2024-25

Applicable ESHR risk framework

OECD Common Approaches and Equator Principles

Product

Buyer Credit Guarantee / Direct Lending

Project Phase

3 in construction phase and 4 in operations phase

Key risks

• health and safety;

• human rights;

• biodiversity;

• livelihood impacts related to grazing;

• climate change;

• emissions;

• waste and hazardous material management;

• emergency planning and response;

• construction camp conditions;

• grievance mechanisms;

• worker conditions of contract; and

• community engagement.

Monitoring summary

Monitored through both IESC site visits and self-monitoring reports. Both are required quarterly during construction, biannually during the first year of operations, and annually thereafter for the tenure of the loan.

17. Uganda

17.1 Project: Construction of a new international airport at Kabaale

Year of issue

2017-18

Applicable ESHR risk framework

OECD Common Approaches

Product

Buyer Credit Guarantee / Direct Lending

Project Phase

Construction

Key risks

• Noise and air pollution;

• Water abstraction;

• Labour and working conditions;

• Health and safety / contractor management;

• Physical resettlement and livelihood restoration; and

• Biodiversity management

Monitoring summary

Self- monitoring report received and reviewed.

17.2 Project: Construction of ancillary works for industrial park (Kampala)

Year of issue

2020-21

Applicable ESHR risk framework

OECD Common Approaches

Product

Buyer Credit Guarantee / Direct Lending

Project Phase

Construction (partially operational)

Key risks

• Labour and working conditions, and health and safety;

• Air quality and noise;

• Wastewater, waste and hazardous substances management;

• Economic displacement;

• Biodiversity;

Monitoring summary

Bi-annual self- and IESC monitoring report received and reviewed.

18. United Kingdom

18.1 Project: Conversion and expansion of Shotton Paper Mill (an existing non-operational paper mill) into a containerboard and tissue manufacturing facility.

Year of issue

2024-25

Applicable ESHR risk framework

Equator Principles

Product

Export Development Guarantee

Project Phase

Operations

Key risks

• Environmental pollution;

• Labour and working conditions;

• Health and safety; and

• Social issues / stakeholder engagement

Monitoring summary

Self-monitoring and IESC reports received and reviewed.