Michael Menhart, in charge of sustainability at Munich Re, added: "Our project with TreeTrust is an innovative, high-quality solution that will help us achieve our net-zero targets between now and 2030, but also thereafter. As one of our long-term solutions, the new afforestation project enables us to offset our unavoidable operational emissions using the new forest that will soon start growing in Costa Rica. What's more, this forest project will hedge against rising prices for voluntary carbon credits." "Our goal is to create a new, premium range of solutions in the market for voluntary carbon credits," said Andreas Heger, who manages TreeTrust along with Philipp von der Schulenburg. "Companies are willing to invest in offsetting their emissions. We help them select just the right long-term projects while saving them time." "Our clients benefit from the expertise in climate, risk management and structuring that we as a Munich Re venture bring to the table," von der Schulenburg added.