Climate Products
& Incentives

Sustainability at the heart of Credendo's strategy encompassing clients, stakeholders and people

• Sustainability is important for Credendo to generate a positive environmental and social impact
• Credendo's energy transition policy supports the energy shift from fossil fuels to clean energy to become net zero by 2050 
• Credendo's Green Package supports exporters in environmentally and socially positive projects to reduce greenhouse gas emissions
• Sustainable actions are not new to Credendo, in line with international and local standards, going well beyond the OECD recommendations
• Internally, the company has developed an ESG label and included its entire staff in the sustainability journey
• For more info: https://credendo.com/en/about-credendo/sustainability-credendo and contact: esg-eca@credendo.com

Presented by Nabil Jijakli, Geert Goossens, Kristof Luycx, Jolien Thomas, Anne Corstjens (from Credendo), and Jacques Massart (CEO of Credendo’s client ASPAC). 

New financial products to support energy transition through innovation for exporting Dutch companies

The Green Cover solution allows to increase green production capacity and invest in new technology; offers risk mitigation and financing during the early product development phase; helps companies develop or scale up sustainable projects or green capital goods

The Green Cover Investment Loan for capital goods is a complementary and customised export credit insurance for capital goods. It supports investments in companies to make capital goods greener and expand manufacturing capacity for green products.

View: https://atradiusdutchstatebusiness.nl/en/products/green-cover.html

Presented by Laura de Bresser

MIGA outline an innovative risk mitigation transaction to mobilise private capital and long term debt in Africa 

• MIGA support helps deliver off-grid solar energy to reduce GHG emissions, create jobs, and increase economic opportunities in underserved communities in Rwanda, Kenya, and the Democratic Republic of the Congo
• Introduction to transaction participants: 
  Mansoor Hamayun, CEO of Bboxx, Ashwin West of African Infrastructures Investment Managers (AIIM), and Harry Guinness of Lion's Head 
• The guarantee holders of this long term transaction cover the fund's equity and quasi-equity/shareholder loan investments in Bboxx Capital Limited
• Discussion on the importance of combining private capital, local lender, and  trackable customer cash flows that make this project exciting and innovative; what roles they play; and why MIGA's risk mitigation support is critical

Moderated by Hoda Moustafa

AXA XL give an overview of their performance insurance solution and its application to new technology as an enabler for renewable and climate projects

• Defining performance insurance as a mitigant to specific technology risk relating to a new or renewable project
• Conditions to trigger the policy considering when the technology fails to perform; warranty clauses; existing debt service or contingency reserves
• Benefits to the lender to cover the gap in debt obligation, with the length of the policies matched to the term of lending, typically over 5 -15 years
• Benefits to the insured in order to get better interest rate on debt financing, or even achieve financing where they otherwise couldn’t
• Types of technologies covered include green energy related as well as other technologies, with data points availability required from prior testing
• Case study

Presented by Simon Morden and Jiten Halai