Written Question·Department for Business and Trade·UIN 111462

UK Export Finance: Climate Change

Tabled: 6 February 2026
Answered: 12 February 2026

Question

Mr Richard Holden

Conservative — Basildon and Billericay

To ask the Secretary of State for Business and Trade, what the cost to UK Export Finance was in 2024–25 of expanding its climate stress testing models and scenarios using Network for Greening the Financial System scenarios; what the estimated cost of this

Answer

Chris Bryant
The work to update UKEF’s climate stress testing models in 2024-25 is in line with industry good practice on financial risk management and uses tools at no extra cost. This work is part of our ongoing responsibilities to meet government risk management re...
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