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Responsible Lending : Export Credit Agencies as Drivers of Human Rights

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Published in Ilias Bantekas and Michael Ashley Stein. Cambridge Companion to Business & Human Rights. Cambridge: Cambridge University Press. 2021, p. p. 359-379
Collection Cambridge companions to law
Abstract This book chapter explores the functions performed by export credit agencies (ECAs) in the international trade and finance sector. Pursuant to international standards, ECAs should foster responsible business conduct abroad. However, national law typically puts export promotion at the forefront of the concerns. The drawback of the strong focus on export promotion is that this approach may leave human rights due diligence and environmental aspects behind. The main argument of this book chapter is that it is not sufficient for national law to make a reference to human rights and the environment as a secondary objective. The risk is that non-financial considerations may be overshadowed by national interests in supporting the competitiveness of the export industry. Therefore, this book chapter concludes that national jurisdictions should adopt binding rules that account for the key role that government-supported ECAs should play as a driving force to the protection of human rights and the environment.
Keywords Agence de crédit à l'exportationCommerce internationalFinance internationaleDroits de l'hommeFinance éthiqueProtection de l'environnementLégislationStandards internationaux
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ISBN: 9781108820721
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DARBELLAY, Aline. Responsible Lending : Export Credit Agencies as Drivers of Human Rights. In: Ilias Bantekas and Michael Ashley Stein (Ed.). Cambridge Companion to Business & Human Rights. Cambridge : Cambridge University Press, 2021. p. p. 359-379. (Cambridge companions to law) doi: 10.1017/9781108907293.002 https://archive-ouverte.unige.ch/unige:155088

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Deposited on : 2021-09-29

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