ANZ spreads its sustainable finance capability in Asia Pacific

  • By Zilla Efrat

ANZ has expanded its sustainable finance capability, launching green guarantee facilities in Hong Kong, Singapore, Europe, Australia and New Zealand.

The green guarantee offering supports customers in their transition to low carbon emission status by securing their contractual and performance obligations for environmentally sustainable projects.

“We’re proud to be one of the first banks globally to offer green guarantee facilities as we look for innovative ways to support our institutional customers and their sustainability objectives,” says ANZ managing director, transaction banking Lisa Vasic.

“The establishment of this new product follows the natural evolution of the sustainable finance market while also meeting the changing needs of our customers.”

ANZ has already implemented a green guarantee facility of HKD117.8 million for a foundation project in the West Kowloon Cultural District in Hong Kong, led by Vibro, a subsidiary of conglomerate, NWS Holdings.

The facility is linked to the environmentally sustainable nature of the underlying assets financed and requires certain environmental, social, and governance criteria to be met. These include attaining a BEAM Plus New Building (Version 2.0) certification, a comprehensive standard for green properties in Hong Kong.

“This is our first Green Guarantee for low carbon buildings, and we’re delighted to partner with Vibro on this milestone transaction which further reinforces ANZ’s commitment to environmental sustainability,” says ANZ Hong Kong CEO Peter Chan.

“Our objective was to structure a solution which supported Vibro’s sustainability agenda and Hong Kong’s strong sustainability credentials.”

In addition to delivering a green building project, several environmental initiatives will be implemented during the construction of the project. These include implementing environmental, energy and safety management system practices, certified against ISO 14001, 50001 and 45001, and reducing the use of diesel by adopting electrification measures and using biodiesel where practicable.