Here you will find all news and press releases.
Debate: Money has a great potential to limit climate emissions and drive sustainable development forward. Therefore, SEK and EKN have considerable opportunities to influence investments, writes Swedish Export Credit Corporations’s CEO Magnus Montan and the Swedish Export Credit Agency's Director General Anna-Karin Jatko.
We must discuss the impact of Swedish export on the climate
EKN contributes to the financing of the third and last phase of the world’s largest offshore wind farm. Last year EKN provided guarantees for the financing of the purchases of supplies from Sweden through Hitachi Energy and NKT HV Cables AB for the first two phases.
EKN contributes to the completion of the world’s largest offshore wind farm
Anna-Karin Jatko, Director General, and Marie Aglert, Director of Business Area for Large Corporates, represent EKN at the UN climate change conference COP26 in Glasgow, Scotland.
EKN participates at COP26
The policy clarifies EKN’s approach in export transactions to operations with high negative climate impacts. The new wording is in line with the adaptation that EKN has done in the past years.
EKN’s Sustainability Policy has been updated
Interim Report Jan-Aug 2021: During the period EKN issued guarantee offers totaling SEK 56.7 billion, up 12 percent year-on-year. The guarantee volume amounted to 49.2 billion, the majority of which was attributable to a few large transactions at the front end of the year.
The number of SME-customers continues to increase
EKN has published new country risk analyses of four countries in Africa.
New country risk analyses
EKN is launching a new guarantee for exports that contribute to the climate transition. The Green Export Credit Guarantee, enables exporters and banks to insure up to 100 per cent of the value of a transaction to protect themselves from the risk of non-payment.
EKN launches Green Guarantee to promote climate investments
The Swedish Government has appointed Carina Lundberg Markow, Anna Lundmark Lundbergh, and Dag Juhlin-Dannefeltas as new members of the EKN board. Sven-Eric Söder has been appointed as Chairman of the board.
New members of the EKN board
The Scientific Climate Council, a group of academic experts, will provide advisory support to EKN and SEK to assist aligning the Swedish export finance system with the Paris Agreement’s 1.5°C goal. The climate council is the first of its kind in the world and will focus on issues such as the role of natural gas for the energy transition in low- and middle-income countries.
EKN and SEK establish a scientific climate council
During the period, EKN issued guarantee offers totalling SEK 26.8 billion, up 77 per cent year-on-year. The guarantee volume amounted to a record SEK 38.1 billion, the majority of which was attributable to just a few transactions. The number of SME customers reached a record-high number.
Renewable energy dominated the four-month period
In conjunction with EKN’s decision to withdraw conditional offers for guarantees for exports to Belarus with the buyers RUE Minskenergo and RUE Brestenergo, inaccuracies have been reported in the media. The following information is correct:
Concerning media coverage of EKN’s decision relating to Belarus
EKN has not issued any guarantees and will not do so. Based on a fresh analysis, EKN has concluded that the two projects in Belarus lack the necessary prerequisites to meet human rights requirements in compliance with international regulations. EKN has therefore decided not to issue any export credit guarantees.
EKN withdraws Belarus guarantee offers
Among the worlds' export credit agencies Swedish EKN has been recognized by GTR as Leader in Trade for Sustainability. The award is a testament to the export credit agency’s sustainability achievements throughout the course of 2020.
EKN recognized as Leader in Trade for Sustainability
OECD raises the limit on how much local content in a project that may be covered by export credit agencies. The change reflects the reality of today’s complex global value chains and the multinational sourcing in large infrastructure projects, in particular.
New OECD rules allow EKN to cover more local costs
EKN is currently evaluating and analyzing the situation in two projects in Belarus. EKN has outstanding binding guarantee offers regarding the payment risk in export transactions for these projects - two gas power plants.
Information regarding two export transactions to Belarus