Sean Kidney, Chief Executive Officer of CBI, said: “This latest transaction is embedding international best practice on standards in a new green product, a combination increasingly being sought after by institutional investors. It opens another positive pathway for increasing capital flows into low carbon activities and transition solutions in the real economy.”
The certified Green Repo further diversifies the sources of funding available to support CBA’s portfolio of green loans, raising the bank’s capacity to support additional green transactions and progress Australia’s transition.
“The massive global capital flows seeking to support the creation of green and sustainable infrastructure are fostering some of the most exciting financial innovation that markets have seen in years. We’re proud to be at the forefront of this trend by bringing certified Green Repos to the market,” said Chris McLachlan, Acting Executive General Manager, Global Markets at CBA. “Investor demand for sustainable finance is growing rapidly, and there is huge interest in financial products that cater to the needs of institutional investors while also helping drive real-world change.”
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2021, Northern Trust had assets under custody/administration of US$15.8 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.
About Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy. Climate Bonds undertakes advocacy and outreach to inform and stimulate the market, provides policy models and government advice, market data and analysis, and administers an international Standard & Certification Scheme for best practice in green debt product issuance. The Climate Bonds Standard and Certification Scheme is an easy-to-use screening tool that provides a clear signal to investors and intermediaries on the climate integrity of Certified Climate Debt. More information on our website here.