VoiceOver users please use the tab key when navigating expanded menus


Canberra Metro in landmark green loan

Canberra Metro has secured funds for the first stage of its Canberra Light Rail project, an electrified urban rail system which aims to run on 100 per cent renewable power. The specifics of the arrangement qualify as a green loan under the Climate Bonds Initiative (CBI) Low Carbon Transport criteria and mark the first certified Green Loan for a public-private partnership in Australia.

ANZ acted as a green loan coordinator for the transaction, which saw an existing facility refinanced to comply with the Climate Bonds Standard as issued by the CBI.

“We congratulate Canberra Metro for this market first and the role they are playing in delivering low-carbon transport solutions within Australia’s capital,” ANZ’s Head of Sustainable Finance, Katharine Tapley, said. “Their work is an important contribution to the ACT’s stated goal of achieving net zero emissions by 2045.”

“At ANZ, we place importance on working with our customers to transition to a net-zero carbon economy. We understand that our lending capability puts us in a unique position to influence the completion of projects that reduce emissions as well as support economic growth.”

Canberra Metro CEO Lachlan Marks said the group was proud to have secured the funding for a climate-resilient project that ultimately made the investment “more effective, secure and durable”.

The funding comes after ANZ recently announced changes to the way it will support its customers move toward a sustainable future. This is an ongoing focus for the bank as it helps deliver on its mission to help people and communities thrive.

Earlier in December, the Australian Sustainable Finance Initiative (ASFI) – a collective body of over 80 organisations in the financial sector - released a roadmap to align Australia’s financial system to the net-zero transition. The issuance of labelled sustainable finance transaction such as CBI Certified Green Loans helps to support that transition.

On the road to net-zero carbon with the ASFI

Read more

This publication is published by Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (“ANZBGL”) in Australia. This publication is intended as thought-leadership material. It is not published with the intention of providing any direct or indirect recommendations relating to any financial product, asset class or trading strategy. The information in this publication is not intended to influence any person to make a decision in relation to a financial product or class of financial products. It is general in nature and does not take account of the circumstances of any individual or class of individuals. Nothing in this publication constitutes a recommendation, solicitation or offer by ANZBGL or its branches or subsidiaries (collectively “ANZ”) to you to acquire a product or service, or an offer by ANZ to provide you with other products or services. All information contained in this publication is based on information available at the time of publication. While this publication has been prepared in good faith, no representation, warranty, assurance or undertaking is or will be made, and no responsibility or liability is or will be accepted by ANZ in relation to the accuracy or completeness of this publication or the use of information contained in this publication. ANZ does not provide any financial, investment, legal or taxation advice in connection with this publication.