Allianz Trade Launches Surety Green2Green to Support & Promote Progress Toward Sustainability

Allianz Trade announced last week the launch of Surety Green2Green, a new solution aimed at accelerating the transition to sustainability within the global economy. Allianz Trade, an international insurance provider and subsidiary of Allianz SE, offers a range of services, including trade credit insurance, debt collection, surety bonds, business fraud insurance, and political risk protection. Allianz SE, headquartered in Germany, is one of the world’s largest financial services providers and the largest insurer in Europe. Allianz Trade’s mission is to empower clients to trade with confidence by ensuring payment security and providing protection against bad debt.

At its core, Allianz Trade focuses on predictive protection, helping clients proactively navigate risk while also compensating them in unpredictable situations. With Surety Green2Green, Allianz Trade hopes to encourage clients to adopt low-carbon technologies and invest in renewable energy projects. To reinforce this commitment, premiums from Surety Green2Green policies are reinvested into certified green bonds, creating a “circular” financial model that drives sustainable progress.

According to Allianz Trade, this new solution reflects its long-standing commitment to sustainability, which is embedded in the company’s business strategies and operations. “We aim to lead by example and reduce the carbon footprint of our own operations, infusing a sustainable mindset at all stages of our organization. By steering the decarbonization of our portfolios, we strive to launch innovative solutions that foster a low-carbon transition,” explained Piril Kadibesegil Yasar, Head of Sustainability at Allianz Trade.

In its essence, a surety bond provides financial security for contractual obligations between parties, protecting clients, suppliers, and public entities from potential losses due to delayed or incomplete project completion. Allianz Trade positions itself as a “surety specialist,” helping ensure that projects reach completion while managing associated risks. Surety Green2Green extends this assurance to sustainable projects, supporting clients as they pursue ESG-aligned initiatives.

Soenke Schottmayer, Head of Commercial-Global Surety at Allianz Trade, described the Surety Green2Green process: “Once a project meeting our low-carbon standards is identified, it undergoes rigorous assessment by our sustainability experts. If it qualifies, premiums from the transaction are then invested in certified green bonds. This creates a full-circle benefit: we issue bonds to support low-carbon projects, while also fueling the sustainable transition of the broader economy. Allianz Group has certified this solution as sustainable, underscoring its positive environmental impact.”

Allianz Trade has already made strides in green finance, supporting projects in renewable energy, carbon removal, and green building. Surety Green2Green represents an expansion of these efforts, with a strong focus on sustainability in the surety market.

“With Surety Green2Green, we scale our knowledge and leverage our expertise,” added Aylin Somersan Coqui, CEO of Allianz Trade. “This solution builds on our similar specialty credit offering launched in 2020, which has supported around 50 projects globally. Both initiatives demonstrate the value of sustainable finance in driving economic decarbonization. By providing bonds and insurance for critical technologies, we offer the confidence and support needed for these initiatives to succeed.”

Through Surety Green2Green, Allianz Trade contributes to green finance ecosystems and bolsters the infrastructure essential for a sustainable future. This approach aligns with Allianz Trade’s ESG commitments and reflects a broader shift toward embedding sustainability into core business strategies. By supporting ESG-aligned projects, Allianz is setting a standard for the insurance sector, offering a path for compliance and risk management professionals to consider how financial mechanisms can support sustainability within their own risk and governance frameworks.

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