National Australia Bank (NAB) - one of Australia’s four big banks - confirmed today it has joined the Climate Bonds Partners program, saying it will continue working with the Climate Bonds Initiative to grow the green bonds market.
In December 2014 NAB was Australia’s first issuer of a Climate Bonds Standard certified bond. Investor demand for the bond was so strong that NAB doubled the originally announced size of the bond.
Steve Lambert, NAB's Executive General Manager, Capital Financing, said:
“NAB recognises that environmental challenges such as climate change, resource scarcity and natural capital loss and degradation are challenges that affect our economy and society. We use the experience we’ve gained through our own energy efficiency initiatives, carbon neutrality and natural value work to develop environmental products and services for our clients.
"We believe in the key role debt capital markets play in supporting the growth of innovative, new markets and financing the transition to a low carbon economy.
“NAB is proud to have been the world’s first bank issuer of a Climate Bond Standards certified bond, and to continue playing a role in mobilizing the global debt markets to finance the transition to a low carbon economy.
"We see first hand the contribution the Climate Bonds Initiative has made in developing the green bond market and are pleased to continue our support.”
Climate Bonds CEO Sean Kidney said:
“NAB was a founding funder of the Climate Bonds Standards and it’s fantastic to now have it joining as a partner as well. NAB’s certified Climate Bond was a model for others considering issuance.”
“We’re looking forward to working closely with NAB to grow this market into one that will make a major contribution to addressing climate change.”
See what other banking Partners like UniCredit, HSBC and Barclays say.
Banks, issuers, investors and governments are invited to join as Climate Bond Partners to help rapidly grow a market of green and climate bonds. Click here for a full list of Partners.
Partners receive:
- Special market briefing for staff; advice on making the most of opportunities in the market.
- Access to bonds data, including the latest green and climate bonds, underwriter details and new investment areas.
- Opportunities to connect with issuers, banks, investors, and other Partners.
Find out more or email us to become a partner.
