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Port of Newcastle becomes 1st Australian port to obtain sustainability-linked financing May 4, 2021, by Jasmina Ovcina
Australia’s largest east coast seaport, Port of Newcastle, has secured A$515 million (approximately $399 million) in sustainability-linked loans.
National Australia Bank (NAB), which has led the development of the arrangement, said the loans incentivize the port to hit targets across a range of social and environmental metrics by offering lower margins of debt.
This is the first sustainability-linked financing by an Australian seaport and the first such loan in Australia to include a modern slavery assessment metric addressing all of the borrower’s suppliers, according to the bank.
Social housing complex on Whanganui s Victoria Ave ready for tenants
17 Dec, 2020 04:00 PM
3 minutes to read
Compass Housing Services general manager Dr Bernadette Pinnell is backed by the complex s tenancy officer, Shaun Moyle. Photo / Bevan Conley
Compass Housing Services general manager Dr Bernadette Pinnell is backed by the complex s tenancy officer, Shaun Moyle. Photo / Bevan Conley
A new 26-unit social housing complex in central Whanganui will be housing tenants before Christmas. The units on Victoria Ave will be managed by Compass Housing Services and will be occupied by some of the 269 households registered with the Ministry of Social Development as needing better housing.