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.

 

Commonwealth Bank of Australia

   

 

 

Commonwealth Bank of Australia is one of the “big four” banks in Australia and offers a full range of financial services in Australia, New Zealand and other markets.
 

This is their first Certified Climate Bond and previously they have already issued two green bonds which were not Certified. CBA is active in the green bond market, having been the joint lead manager on the first Australian green Asset-Backed Securitisation (ABS) for FlexiGroup, and as sole arranger and lead manager on the world’s first Certified Climate Bond from a university, for Monash University.

The proceeds will finance refinance projects as follows:

  • Wind farms in Australia
  • Urban metro and light rail systems in 3 cities in Australia
  • 3 energy efficient commercial buildings in Australia

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
March 2017 Use of proceeds bond AUD 650m (USD 492m) Australia Wind, Low Carbon Buildings (Commercial), Low Carbon Transport

pre issuance report by EY

post issuance report by EY

Annual Report March 2018

CBI announcement  

CBA press Release

CBA Climate Bond website

CBA Investor Presentation