Allianz Trade has announced the launch of its new sustainability initiative, Surety Green2Green, designed to insure projects focused on low-carbon technologies and renewable energy. Under this program, the premiums collected will be invested in certified green bonds, promoting environmental sustainability.
Surety Green2Green allows clients to secure their sustainability-related projects through the issuance of surety bonds and guarantees, ensuring successful project completion. According to a press release from Allianz Trade, the initiative enables clients to engage directly in projects aimed at reducing carbon emissions.
The process begins when Allianz Trade’s sustainability experts identify a project that aligns with the company’s low-carbon technology standards. Following a thorough assessment to confirm compliance with their criteria, the insurer commits to investing the premiums earned from the transaction in certified green bonds.
Soenke Schottmayer, head of commercial – global surety at Allianz Trade, emphasized the dual benefits of this approach: “We issue bonds that ensure the success of low-carbon projects while simultaneously fueling the sustainable transition of the overall economy.”
With the introduction of Surety Green2Green, Allianz Trade aims to expand its support for a variety of sustainability initiatives, including renewable energy projects, heat generation, carbon removal, and green building developments.
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