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6/20/24, 10:53 AM Etihad Credit Insurance Showcases Its Efforts In Promoting Sustainability And Climate Action At 'TXF Global 2024' - Middle East E…
Etihad Credit Insurance Showcases Its Efforts In Promoting Sustainability And

Climate Action At 'TXF Global 2024'

Wednesday, June 19, 2024

Etihad Credit Insurance (ECI), the UAE's federal export credit company, participated in TXF Global

2024 conference, organised by Exile Group in Athens, Greece. During the conference, Her Excellency
Raja Al Mazrouei, CEO of ECI, highlighted the company's dedication to aligning its strategies with
both national and international climate goals as well as reinforcing the role of Emirati women in
local, regional, and global trading, investment and business communities.

H.E. Al Mazrouei participated in two major discussions titled 'A Modern Delian League: Reviewing
the Net-Zero Export Credit Agencies Alliance (NZECA)' and 'Council of Athena: The Woman in
Export & 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.

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