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BLOMSTEIN advises the Allianz für Entwicklung und Klima Foundation on carrying out a procurement procedure

06.04.2021

Blomstein has advised the Allianz for Development and Climate Foundation on a procurement procedure for the selection of an asset manager. The foundation conducted a competitive selection procedure. In accordance with its foundation philosophy, it placed a special focus on sustainable investment strategies and the integration of ESG (Environment, Social, Governance) investment criteria.

The Allianz für Entwicklung und Klima Foundation was established by the Kreditanstalt für Wiederaufbau (KfW) on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The foundation’s goal is to mobilize private actors to support development and climate protection projects. It has already been able to win a large number of supporters from civil society, institutions and private companies, including BLOMSTEIN.

The team involved on our side was composed of Roland Stein (Partner) and Moritz Schuchert (Associate).

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