Practical implementation of the COP26 statement by Credendo
On 4 November 2021, during the COP26 summit in Glasgow, Belgium undertook to align its international public support towards the clean energy transition.
Within this framework, the Board of Directors of Credendo – Export Credit Agency has approved guidelines for implementing the COP26 statement in concrete terms.
Credendo is committed to implementing the climate policy and goals set out at the Paris Climate Conference.
This means that achieving net-zero greenhouse gas emissions by 2050 will be the norm for both our investment strategy and our financial and insurance products for export financing.
We will formulate a policy for export financing files that, in cooperation with our traditional client base, will gradually reduce greenhouse gas emissions within the projects we support and quickly facilitate investments in climate-friendly technology and projects.
Credendo promotes the transition to clean energy and supports transactions aimed at limiting greenhouse gas emissions by granting incentives for transactions that qualify for the “Credendo Green Package”. Finally, for some time now Credendo has been pursuing a policy aimed at reducing the carbon footprint of its own operations linked to its offices. This carbon footprint has been measured since 2010 and Credendo has managed to reduce its emissions by a third over this period. In 2019 Credendo was awarded the “CO2 Neutral label” by CO2logic, a certificate validated by Vinçotte.
Credendo’s support policy will be gradually adjusted from time to time depending on the phase-out and incentive measures that are necessary in accordance with developments in climate policy at Belgian and/or European level.
Credendo’s policy regarding public support for the energy transition from fossil fuels to clean energy