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The RBA deputy governor agrees with banks that the transition to net zero needs funding, including projects ‘with varying degrees of emissions intensity’.

Date Time Port of Newcastle deal – Key Facts In May 2021, NAB announced its role in the development of a loan for Port of Newcastle. This loan aligned financing for Australia’s largest east coast seaport with long-term environmentally and socially responsible outcomes. As Sustainable Finance Structuring Coordinator, NAB assisted in the development of both a sustainability-linked financing framework and green financing framework with Port of Newcastle. This transaction has been widely reported across domestic and global media. Due to the complexity of the refinancing arrangement, some repo...

PETALING JAYA: The adoption of environmental, social and governance (ESG) principles in the banking sector is gaining momentum but its success will hinge on embracing the right action. Experts and bankers agree that the adoption of ESG principles in the sector is vital and needs beefing up to ensure a healthy bottom line in the long term despite some hiccups. Ernst & Young (EY) Advisory Services Sdn Bhd director for climate change and sustainability services Arina Kok (pic below) said with the recent issuance of the Climate Change and Principle-based Taxonomy by Bank Negara, many financial in...

Date Time Landmark loan strengthens long-term sustainability for Port of Newcast National Australia Bank (NAB) has led the development of a landmark loan for Port of Newcastle (PON) that aligns financing for Australia’s largest east coast seaport with long-term environmentally and socially responsible outcomes. The arrangement includes A$515 million in sustainability-linked loans that incentivises Port of Newcastle by offering a lower margin on debt if it hits targets across a range of social and environmental metrics. This is the first sustainability-linked financing by an Australian seapo...

For a product that didn’t even exist four years ago, the sustainability-linked finance business is booming. More and more co