The UN-convened Net-Zero Export Credit Agencies Alliance (NZECA) unites leading public finance institutions committed to delivering net-zero economies by 2050 by supporting the decarbonisation of trade and facilitating joint action from public and private finance.

Launched at COP28 by five founding members and three affiliate members in partnership with the University of Oxford, Future of Climate Cooperation and UNEP FI, this first-of-its-kind net-zero finance alliance consists of global public finance institutions that together supported an estimated $120 billion in international trade in 2022.

NZECA members have committed to: 

  1. Transition all operational and attributable greenhouse gas (GHG) emissions from business activities in alignment with the path to net zero by mid-century, or sooner, consistent with a maximum temperature rise of 1.5°C above pre-industrial levels by 2100.
  2. Publish GHG emission data and evidence annually to showcase action in line with the commitments. This includes issuing relevant international or national GHG emissions reporting protocols and climate portfolio alignment methodologies.

The Alliance includes a number of affiliate members that wish to commit to the goal of reaching net zero but require some support as they start their journey. They pledge to support the goal of attaining net-zero greenhouse gas emissions and advancing a just transition. Peer knowledge sharing with leading export credit agencies will help them accelerate their transition to net zero.


    Partners: Oxford University Innovation HubFuture of Climate Cooperation

    Race To Zero’s expert peer review group has confirmed that the commitments signed by the members of the NZECA meet Race To Zero’s criteria to become its partner and set a credible pathway to net zero by 2050

    Read more about the Net-Zero Export Credit Agencies Alliance governance structure here.

    Steering Group
    • Tim Reid, Chief Executive Officer, UKEF – NZECA Steering Group Chairperson
    • Rachel Guthrie, Chief Sustainability Officer, EDC
    • Christian Ølgaard, Chief Policy and Regulation Officer, EIFO
    • Anna-Karin Jatko, Director General, EKN
    • Magnus Montan, Chief Executive Officer, SEK
    • Batriz Reguero, Chief Operating Officer at the State Account Business, CESCE
    • Raja Al Mazrouei, Chief Executive Officer, ECI
    • Eric Usher, Head, UNEP FI

    Export credit agencies interested in joining the alliance, should contact Elena Koritchenko, NZECA Project Lead, UNEP FI

    For media requests, please contact Sally Wootton, Communications Lead, UNEP FI