Contact’s Sustainable Finance Framework has been refreshed to remain market leading. Investors have the opportunity to invest in certified Green Debt Instruments issued by a New Zealand company.
This is a progressive approach to green finance and will better support Contact’s past and future renewable energy generation initiatives whilst also providing investors and lenders with an opportunity to access a broad range of certified green debt instruments.
Sean Kidney, CEO Climate Bonds Initiative:"This NZD 1.8bn (USD 1.3bn) Green Borrowing Program from Contact Energy is our single largest Certification to date and a significant global boost for best practice standards in green finance. Contact Energy are demonstrating the kind of corporate leadership we need to see replicated, both in trans-Tasman capital markets and internationally by more listed companies."
For Contact’s existing lenders and debt investors that already have exposure to the debt instruments listed above, they will now hold a debt instrument that is a Green Debt Instrument under the Framework certified by the Climate Bonds Initiative.
Any new investors wanting to participate in Contact’s certified Green Debt Instruments should contact a broker (in the case of retail bonds) or a bank (in the case of wholesale bonds and commercial paper noting this is available to institutional investors only).