For over a century, Allianz Trade has been helping businesses expand safely in more than 50 markets. As an insurer and global trade enabler, the world leader in trade credit insurance is uniquely positioned to support companies and the overall economy in achieving more sustainable growth.
Powering the future of low-carbon technologies and renewables
In this matter, Allianz Trade has recently launched two pioneer and innovative solutions aimed at powering the future of low-carbon technologies and renewables. These bold solutions cover two distinct scopes. First one is Surety Green2Green, through which Allianz Trade enables its clients to engage in low-carbon technologies and renewables projects via the issuance of surety bonds and guarantees securing their proper completion. Second one is Specialty Credit Green2Green, through which Allianz Trade protects businesses willing to engage in such projects against non-payment and political risks thanks to trade credit insurance.
What kind of project can Green2Green solutions support? Allianz Trade recently issued a Green2Green policy in relation to the financing for one of the first large offshore windfarm projects developed in Poland. This windfarm will have a capacity of over 1,000 MW, through 75 turbines, to reduce high dependency to hard coal and lignite.
Fueling continuous sustainability progress
To take one step further and fuel the transition of the overall economy, Allianz Trade has taken a strong decision: the amount of premiums received through Green2Green transactions will be held as investments in certified green bonds1.
This way, Allianz Trade creates a circular model that supports long-term progress towards net-zero. Marrying business sense with positive environmental impact, Allianz Trade acts for impact.
1 Bonds consistent with Green Bond Principles from ICMA (International Capital Markets Association) or any other green investments framework depending on the evolving regulation over time.