Co-operation between Swedish Export Credit Corporation and Bank of China about environmental technology

Swedish Export Credit Corporation (SEK) and Bank of China have entered into a EUR 100 million Master Export Credit Facility Agreement for the financing of environmental projects and Swedish clean technology.

The purpose of this agreement is to facilitate the development of new, sustainable Swedish-Chinese solutions to meet the challenges for climate change and environmental degradation while promoting sustainable economic growth, responsible business conduct and new employment both in China and in Sweden.

SEK grants financing to Bank of China that provides loans to Chinese buyers with respect to their purchases under Swedish contracts. Environmental projects and Swedish clean technologies are defined according to EU´s Eco-innovation Action Plan (2011).

With reference to UN Global Compact´s ten principles, SEK and Bank of China expect business to embrace, support and enact, within their sphere of influence, core values in the areas of environment, anti-corruption, human rights and labor standards.

 
Contact

Edvard Unsgaard
Head of Communications SEK
+46-706-21 84 88

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