Metrics Credit Partners has become Australia’s first non-bank asset manager to partner with the Climate Bonds Initiative.
As part of the Climate Bonds Partnership Programme, Metrics will assist the growth of a market of green and climate bonds through outreach and education projects, new initiatives to increase investment in climate finance solutions, participation in development committees and by helping to define policy agendas for green bond development programs.
Metrics said it would particularly focus on supporting the Climate Bonds Initiative’s development of the Climate Bonds Standard. The scheme aims to help investors identify investments that are in line with the Paris Climate Agreement to limit warming to 2 degrees Celsius.
“As the first non-bank asset manager in Australia to become a Climate Bonds Partner, Metrics is determined to play a leading role in promoting and assisting with the transition to a low carbon economy,” said Metrics MD and co-founder Andrew Lockhart.
“Metrics is committed to developing financial practices and products that will provide our stakeholders with the means to achieve that transition in a just and timely manner. We are delighted to work with the Climate Bonds Initiative to expand the opportunities for green finance in Australia.”
The Climate Bonds Initiative and Metrics said they will work together to support the redirection of capital towards the Paris Climate Agreement goal “by promoting green loan opportunities in the Australian market as borrowers participate in Australia’s transition to a low-carbon economy”.
Other Australian Climate Bonds Partners include the big four banks, the Green Buildings Council of Australia and the Clean Energy Finance Corporation.
“It’s great to see a shift in Australia’s commitment towards sustainable finance,” said Climate Bonds Initiative CEO Sean Kidney.
“Together, with the help of asset managers like Metrics, championing sustainability in private markets, we can be more confident in our transition to a low carbon and climate-resilient economy.”
