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.

 

Treasury Corporation of Victoria

 

 

 

 

Treasury Corporation of Victoria (TCV) is the central financing authority for the State of Victoria, Australia.

TCV provides tailored loans and financing, deposits, advisory and investment services to the State and State-related entities.

This was the first Australian state to issue a Certified Climate Bond.

Proceeds will fund projects such as

New utility scale solar and wind electricity generation facilities

Energy efficiency upgrades for government buildings that are eligible under the Climate Bonds Standard Low Carbon Buildings Criteria.

Electrified trains

Melbourne metropolitan rail network

A wastewater treatment plant

 

Issue Month

Size

Tenor

Geography

Sector Criteria

Verifier's Report

Annual Reporting Other Information

July 2016

AUD 300m (USD 225m)

5 years

Australia

Wind
Solar
Low Carbon Transport
Low Carbon Buildings
Water

DNV.GL pre issue report

DNV.GL post issue report

 2016/2017 annual report

2017/2018 annual report

TCV press release

TCV website

 

Further information can be found in TCV's Victorian Green Bonds Factsheet (download here):

 

N.b.: TCV have got a large portfolio of projects that they will, over time, issue green bonds to fund. This factsheet details projects in that whole portfolio beyond the projects specifically earmarked to the July 2016 AUD 300m certified bond issuance. For example, hydropower projects are included in this longer term portfolio and will be funded in future issuances. The Climate Bonds Standard Hydropower Criteria are still under development.