The Islamic Corporation for the Insurance Coverage of Financial Investment and Export Credit (ICIEC) ( http://ICIEC.IsDB.org), a multilateral credit and political threat insurance company and a member of the IsDB Group, happily reveals the unveiling of its Environment Modification Policy and Environmental, Social, and Governance (ESG) Structure throughout COP28. The memorable launch was enhanced by H.E. Dr. Muhammad Sulaiman Al Jasser, the President of the Islamic Advancement Bank and Chairman of the Board of Directors of ICIEC, H.E. Francesco La Electronic Camera, the Director-General of International Renewable Resource Firm (IRENA), and Mr. Oussama Kaissi, the CEO of ICIEC.
The ICIEC Environment Modification Policy enhances our steadfast dedication to fighting environment modification and functions as a plan for ICIEC’s to increase ICIEC’s intervention in sustainable tasks and programs. Anchored on this policy, ICIEC promises to high end its assistance to efforts focused on minimizing carbon emissions, protecting nature, and promoting sustainable financial development.
To advance the function of environment action, ICIEC devotes to helping Member States in satisfying their commitments under the Paris Contract and champion financial investment and trade chances that improve durability and boost flexibility to environment modification.
The ICIEC ESG Structure is a holistic tool showcasing our strong devotion to ESG concepts. The structure stresses embedding ESG concepts to ICIEC’s operations, establishing ESG-centric product or services, including ESG imperatives into threat evaluation and underwriting. Steps are executed to promote sustainability throughout internal procedures, consisting of sourcing and resource use practices.
In a declaration, Mr. Oussama Kaissi, CEO of ICIEC, verified, “The launch of our Environment Modification Policy&& ESG Structure shows ICIEC’s dedication to sustainability. We intend to drive favorable modification, add to worldwide environment goals, and set brand-new criteria for ESG quality in insurance coverage and advancement.”
This considerable effort declares ICIEC’s policy embed promoting sustainable advancement and durability in the face of environment obstacles.
Dispersed by APO Group on behalf of Islamic Corporation for the Insurance Coverage of Financial Investment and Export Credit (ICIEC).
Mrs. Rania Binhimd,
Email: [email protected]
About The Islamic Corporation for the Insurance Coverage of Financial Investment and Export Credit (ICIEC):
ICIEC started operations in 1994 to reinforce financial relations in between OIC Member States, promote intra-OIC trade, and assist in financial investments by offering threat mitigation tools and monetary options. The Corporation is distinctively the only Islamic multilateral insurance company on the planet. It has actually provided a thorough suite of options and services to the general public and personal in its 49 Member States and worldwide. The items’ suite consists of Documentary Credit Insurance coverage Cover, Credit Insurance Coverage Cover, Bank Master Policy, Non-Honouring of Sovereign Financial Responsibility, and Financial Investment Insurance Coverage Products. ICIEC has actually kept for 15 successive years an “Aa3” insurance coverage monetary strength credit ranking from Moody’s, ranking the Corporation amongst the top of the Credit and Political Danger Insurance Coverage (CPRI) Market. ICIEC’s durability is underpinned by its sound underwriting, reinsurance, and threat management policies. Cumulatively, ICIEC has actually guaranteed more than US$ 100bn in trade and financial investment directed to particular sectors– energy, production, facilities, health care, and farming. For additional information, check out: http://ICIEC.IsDB.org