Page 102 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/20/24, 10:54 AM Latest News
Infrastructure Finance (WEXIF).’ During the first session, H.E. Al Mazrouei highlighted the relevance of ECI’s
membership in the Net-Zero Export Credit Agencies Alliance (NZECA) and its pivotal role in supporting the

company’s policies with the UAE’s Net Zero by 2050 strategic initiative. Furthermore, she said, “This move
has provided ECI with seamless access to a global network of expertise and resources, enabling the

alignment of our strategies with both national and international climate targets.”

H.E. Al Mazrouei added, “ECI has joined various initiatives and established partnerships that support the
adoption renewable energy and implementation of sustainability projects, including the Africa Green

Investment initiative (AGII) and our partnership with Masdar. These efforts come in line with the United
Nations Sustainable Development Goals (SDGs), particularly those focusing on Affordable and Clean Energy,
Industry, Innovation and Infrastructure, and Climate Action.” She further pointed out the positive impact of

ECI’s membership in the alliance, while shedding light on the ways it can reinforce cooperation with other
export credit agencies and increase its capacity to contribute to the efforts to attain climate targets.

Additionally, H.E. Al Mazrouei emphasised the company’s vital efforts and contributions towards global
climate goals, such as the 2030 Sustainable Development Agenda and the Paris Agreement, even though it

was established recently. Commenting on the Africa Green Investment Initiative (AGII) and its results in
improving sustainability of the continent, H.E. Al Mazrouei said, “Launched by the COP 28 Presidency at the

Africa Climate Summit as part of Union Program 7 by the UAE, AGII’s efforts aligns with the targets of
NZECA Alliance. With Africa50 as a key partner, it seeks to raise USD 4.5 billion from renowned climate

action companies in the UAE, including Masdar, the Abu Dhabi Fund for Development, AMEA Power and
ECI.”

In this context, H.E. Al Mazrouei emphasised the company’s critical role, especially noting its commitment to
contribute USD 500 million by offering cutting-edge NZECA business solutions and facilitating joint efforts

between the initiative’s partners and stakeholders, which include private financiers, institutional investors,
development banks, nonprofit organisations, export credit agencies and technical experts. This supports in

financing for ambitious green projects in the African continent, signifying the company’s commitment to
support the NZECA Alliance’s objectives of lowering carbon emissions and boosting climate resilience.

During H.E. Al Mazrouei’s participation in the second session titled ‘Council of Athena: The Woman in Export

& Infrastructure Finance (WEXIF),’ she gave a comprehensive presentation focusing on the empowerment of
Emirati women in the economic sectors and their distinguished presence in the business, investment and
trade communities at the local, regional and international levels. She further complimented the UAE’s

innovative approach to advancing women’s status in the corporate world and providing chances that are
equitable and gender balanced.

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