Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Local Government Super

LGS is a superannuation fund in Australia. It manages the Local Government Property Fund (LGPF), which has investments into office buildings which are eligible for Certification under the Low Carbon Buildings (Commercial) Criteria.

In 2017, their property portfolio was the first in Australia to receive a 5-Star Green Star Performance rating from the Green Building Council of Australia. In 2019, it was the first property portfolio to achieve carbon neutral certification under the Australian government’s Climate Active program for all of its NABERS rated buildings

The green loan is structured by Westpac Institutional Bank.

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
March 2020 Loan AUD 65 million (USD 38 million) Australia

Low Carbon Buildings (Commercial)

pre issuance verification

 

press release