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Euler Hermes confirms first partner for Green2Green policy

The solution which was first launched by the firm's transactional cover unit (TCU) team in November 2020, aims at tackling climate change by insuring green transactions and investing the premium in certified green bonds

Euler Hermes has announced that Natixis, a financial services firm, has secured one of its first Green2Green policies, as well as three additional green policies in the solar and wind energy sector, building on the 10 year relationship between the two companies.

The solution was first launched by the insurer’s transactional cover unit (TCU) team in November 2020, and aims to tackle climate change by insuring green transactions and investing the premium in certified green bonds.

This investment comes in the form of certified green bonds completing a green economic cycle which is “fully transparent” with a certificate of investment issued by the group’s asset management. It also ensures that the invested premium is fully traceable throughout the transaction term.

Christophe White, head of transactional cover at Euler Hermes, said: “Partners such as Natixis are ready to make a difference in the fight against climate change and we are thrilled to welcome them as one of the first participating partners in this important program.

“Through our Green2Green solution, Natixis will participate in establishing a virtuous green cycle by investing back into the green economy. Enabling a green value chain is a significant step forward in accelerating the energy transition.”

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