Page 97 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/20/24, 10:53 AM Etihad Credit Insurance showcases its efforts in promoting sustainability and climate action at ‘TXF Global 2024’

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.

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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.”

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