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.

 

Auckland Council

 

At 1.5 million population, Auckland is the largest city in New Zealand. They have the most extensive commuter rail network in New Zealand, with 40 stations and 4 lines. The City Council is improving and upgrading this electrified rail network and is issuing the first municipal green bond in New Zealand to finance the acquisition of new trains and electrified rail equipment.

 

NAME OF BOND

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

TENOR

JURISDICTION OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
Auckland Council Green Bond June 2018 Use of Proceeds Bond NZD 200m (USD 137m) 5 years New Zealand Low Carbon Transport

pre issuance report by EY

post issuance report

Annual Report

Green Bond Framework

Auckland Council Press Release

Auckland Council Green Bond July 2019 Use of Proceeds Bond NZD 150m (USD 99.2m) 6 years New Zealand Low Carbon Transport

pre issuance verification by EY

annual assurance 2020

 

Green Bond Framework

Auckland Council Press Release

Asset list

Auckland Council green bonds website

 

Note not all the sectors mentioned in a Green Bond Framework may necessarily be part of the Certified Climate Bond