Climate Bond Certified
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."Green Debt Instrument
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).