Powered by MOMENTUM MEDIA
investor daily logo

ANZ launches green guarantee facilities in Australia and abroad

 — 1 minute read

The big four banks' new initiative aims to support customers who are transitioning to low carbon status and to secure their contractual obligation for “environmentally sustainable projects”.

ANZ has confirmed facilities in Australia, as well as Singapore, Europe, New Zealand and Hong Kong which has implemented a facility in the West Kowloon Cultural District for a foundation project costing over $20 million to be led by local contractors, Vibro.

“This is our first green guarantee for low carbon buildings, and we’re delighted to partner with Vibro on this milestone transaction which further reinforces ANZ’s commitment to environmental sustainability,” ANZ Hong Kong CEO Peter Chan said.

Advertisement
Advertisement

“Our objective was to structure a solution which supported Vibro’s sustainability agenda and Hong Kong’s strong sustainability credentials.”

ANZ managing director, transaction banking, Lisa Vasic added that the bank is one of the first to offer green guarantee facilities and will continue to look at ways it can support more sustainability projects.

“The establishment of this new product follows the natural evolution of the sustainable finance market while also meeting the changing needs of our customers,” Ms Vasic said.

In constructing the facilities, ANZ has also announced it will implement environment, energy and safety management system practices and adopt electrification measures and the use of biodiesel in favour of diesel where possible.

ANZ launches green guarantee facilities in Australia and abroad

The big four banks' new initiative aims to support customers who are transitioning to low carbon status and to secure their contractual obligation for “environmentally sustainable projects”.

ID logo
Neil Griffiths

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. 

Neil is also the host of the ifa show podcast.

related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.