UNDER EMBARGO UNTIL 12:00PM 14 OCTOBER 2021
Climate Bonds Initiative welcomes Metrics Credit Partners to the Climate Bonds Partnership Programme
Sydney/London: 14/10/2021, 12:00 GMT+8: Climate Bonds Initiative (CBI) welcomes Metrics Credit Partners (Metrics) to the Climate Bonds Partnership Programme.
Metrics is the first non-bank asset manager in Australia to join the Climate Bonds Partnership Programme, taking its place alongside groups including the big four banks, the Green Buildings Council of Australia, and the Clean Energy Finance Corporation.
Metrics provides private credit and investment to the Australian and New Zealand business and commercial property sectors through a suite of listed and unlisted funds. Since being founded in 2011 it has provided more than $15 billion to borrowers across multiple industry sectors.
As one of the largest providers of private credit in Australia, Metrics actively promotes the development of the local capital markets and long-term, sustainable business practices to address the challenges of climate change.
Metrics is committed to leading the development of a green and sustainable finance market in Australia and recognises that playing its part in the achievement of the UN Sustainable Development Goals and contributing to a better future will involve collaboration with similarly committed organisations.
In partnering with the CBI, Metrics endorses its aim of mobilising global capital for climate change solutions. In particular, Metrics supports CBI’s work on the development of the Climate Bonds Standard to help investors identify investments that are consistent with the goal of the Paris Climate Agreement to limit warming to under 2 degrees Celsius.
The partnership between CBI and Metrics will support the redirection of capital towards that goal by promoting green loan opportunities in the Australian market as borrowers participate in Australia’s transition to a low-carbon economy.
The Climate Bonds Standard has been widely applied by issuers of green bonds and borrowers of green loans in Australia to finance low carbon buildings, transport, and solar and wind energy.
As part of its continuing commitment to sustainable finance, Metrics has refreshed its Environmental, Social and Governance (ESG) policy and is in the process of developing new products and capabilities that will support borrowers and investors in meeting their sustainability goals.
Andrew Lockhart, managing director and co-founder of Metrics:
“As the first non-bank asset manager in Australia to become a Climate Bonds Partner, Metrics is determined to play a leading role in promoting and assisting with the transition to a low carbon economy.”
“Metrics is committed to developing financial practices and products that will provide our stakeholders with the means to achieve that transition in a just and timely manner. We are delighted to work with the Climate Bonds Initiative to expand the opportunities for green finance in Australia.”
Sean Kidney, CEO, Climate Bonds Initiative:
“It’s great to see a shift in Australia’s commitment towards sustainable finance. Together, with the help of asset managers like Metrics, championing sustainability in private markets, we can be more confident in our transition to a low carbon and climate resilient economy.”
Metrics Media Contact:
About Climate Bonds Initiative: is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy. It undertakes advocacy and outreach to inform and stimulate the market, provides policy models and government advice, market data and analysis and administers the Standards and Certification Scheme. For more information, please visit www.climatebonds.net.
Climate Bonds Partners Programme: Banks, institutional investors, private and non-governmental organisations (NGOs) and governments are eligible to join as Climate Bond Partners to help grow a market of green and climate bonds. Partners support investor and stakeholder outreach and education projects centred on growing robust and sustainable green bond markets that contribute to climate action and low carbon investment.
Partners assist in developing initiatives to grow investment in climate finance solutions, participate in different market development committees & help define policy agendas for sector, country and sub-national green bond development programmes.
A list of Partners is available here.
About Metrics Credit Partners: Metrics Credit Partners is Australia’s leading non-bank corporate lender and alternative asset manager specialising in fixed income, private credit, debt, equity and capital markets. Metrics offers a range of listed and unlisted products providing individual and institutional investors with unrivalled access to the highly attractive Australian and New Zealand private debt market.
Disclaimer Metrics: The information provided in this communication is of a general nature only, is not intended for retail investors, does not constitute financial product advice and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of any of the funds managed by Metrics Credit Partners Pty Ltd (Metrics) ABN 27 150 646 996 AFSL 416 146 (each a Fund), you should consider the current offering document of the relevant Fund and assess whether that Fund is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.
Neither the responsible entity or the trustee of a Fund nor Metrics guarantees repayment of capital or any particular rate of return from that Fund. Neither the responsible entity or trustee of a Fund nor Metrics gives any representation or warranty as to the reliability, completeness or accuracy of the information contained in this communication. To the maximum extent permitted by law, Metrics disclaims all and any responsibility or liability for any loss or damage which may be suffered by any person relying upon any information contained in or omission from this communication. Past performance is not a reliable indicator of future performance.