International industrial group Andritz manages natural resources so it is unsurprising that sustainability and protecting the environment are at the heart of its business priorities. Operating in more than 280 locations in over 40 countries worldwide, Andritz strives to be a leader in sustainability and on responsible corporate governance by focusing on actions that ensure a safe and viable future for society.
In cooperation with:
Leading insurance broker BPL Global recognises the importance Andritz places on ESG (Environmental, Social and Governance) and saw the opportunity for this long-term client of Euler Hermes to innovate and drive its ESG ambition even further with trade credit insurance. In November 2020, BPL Global introduced Andritz to Euler Hermes’ newly launched Green2Green Single Risk solution. The solution insures green transactions and invests the premium in certified green bonds creating a ‘virtuous green cycle’.
“BPL Global is delighted to have intermediated this milestone placement for our client. We have an excellent partnership with Euler Hermes and consider the Green2Green Single Risk credit insurance initiative a leading offering in the growing ESG space. It certainly fits into our work as an innovative credit and political risk insurance broker,” says Oliver Wright, Director at BPL Global.
It is the perfect solution as it not only gives Andritz peace of mind for its business operations but it also rewards the company for its ESG-related activities. Since taking on this trade credit insurance solution, Andritz has already had one policy certified green for a waste-to-energy plant project.
“Sustained environmental protection and conservation of natural resources are two leading principles that guide Andritz’s activities on a daily basis. As our group is also involved in projects contributing to the ecological transition, with all plants and systems delivered to customers around the world complying with the highest environmental standard, it made sense for Andritz to bind one of the first Green2Green policies with Euler Hermes,” comments Torsten Boeck, Deputy Head Order and Project Financing at Andritz.
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