Page 108 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/20/24, 10:55 AM Etihad Credit Insurance showcases its efforts in promoting sustainability and climate action at ‘TXF Global 2024’ | Web Release
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.

H.E. Al Mazrouei said, “The UAE is dedicated to realising the fifth sustainable development goal of the UN, which is
gender equality. The UAE Gender Balance Council’s role is essential in advancing these efforts and advocating

legislation and projects that promote women’s equal access to all sectors, including We-Fi Initiative, which seeks to
support women entrepreneurs and broaden their access to financial goods and services.”

The two sessions also witnessed the participation of Magnus Montan, Chief Executive Officer of Swedish Export Credit

Corporation (SEK); Peter Boeskov, Chief Commercial Officer, Large Corporates, Denmark’s Export and Investment
Fund (EIFO); Elena Koritchenko, NZECA Secretariat, United Nations Environment Programme Finance Initiative; Carl

Burlock, Executive Vice-President and Chief Operating Officer of Export Development Canada (EDC); Nanette Bubik,

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