25 October 2021

Thank you for reaching out regarding the Çesme Wind project in Turkey.

Allianz as an insurer

As a general policy, we do not comment on specifics of projects and do not provide information which projects/clients we insure and which we do not insure.

Nevertheless, transactions from our global and local insurance entities undergo an ESG screening to identify potential ESG risks and where such a risk is identified, referral to assess the transaction in-depth for such ESG and human rights concerns. The details of this process as well as the underlying criteria and standards can be found in our public ESG Integration Framework (https://www.allianz.com/esg-framework).

Export Credit Agency at Euler Hermes Germany

Euler Hermes has already responded in detail to your requests on November 26, 2019 and March 11, 2021.

In addition to its regular business, Euler Hermes in Germany acts on behalf of the German Federal Government. In this capacity as the export credit agency of Germany, Euler Hermes applies the stringent Environmental and Social Due Diligence approach required by the government. This is codified in the OECD’s Common Approaches for Environmental and Social Due Diligence (https://legalinstruments.oecd.org/public/doc/280/280.en.pdf).