As a European export and trade bank, AKA is active in more than 70 countries around the world. It is a reliable partner to its customers in its role as a specialised institution for export finance – expanding steadily and solidly. AKA continues to operate in its segment in close cooperation with you. For this reason, we keep you posted here on all the latest developments.
Sustainability and matching ESG criteria are becoming increasingly important and have already been an important part of AKA’s activities for a long time.
Especially in the main business area of Export Finance, the export credit insurances (ECA) have had strict rules for years now. Clearly defined criteria stand above granting loans, which are summarized in the so-called "OECD-consensus". Since 1978, the consensus has established consistent minimum standards for export credits, supported by federal export credit agancies or by financing from public funds. Governance and sustainability have therefore been the focus of international cooperation for a long time.
For this reason federal export credit agencies and refinancing banks have also agreed in the OECD to determine standard procedures that go beyond mere financing conditions and many of the "green criteria" currently used in the market. These are so-called "Common Approaches" for taking environmental and social aspects into account in publicly supported export credits.
We are convinced: The financial sector can be in a leading position transforming global trade towards sustainability. In its position paper AKA describes activities being implemented to contribute to a more sustainable world.
Since the start of capital market activities in 2016, a total of more than EUR 750 million has been raised. This development shows the strong confidence of investors in AKA. AKA has been able to steadily establish new business relationships, particularly in the areas of insurance companies, health and pension funds, bank treasuries and local authorities.