AMP Capital's focus on emerging opportunities in Green Bonds has resulted in meetings with supranational issuers with the desire to issue ESG-themed bonds in Australia (A$).
As an example, we participated in the largest ever Green bond issue in Australia, as NSW Treasury Corp issued $1.8 billion of 10-year bonds to fund clean energy projects such as low carbon transport.
AMP Capital achieved a favourable allocation, with the proceeds being used for eligible projects including:
• The Newcastle Light Rail which will incorporate climate risk into design to ensure infrastructure is climate resilient.
• Reduce emissions, energy and fuel consumption, waste production
• Preservation of Aboriginal artefacts in the construction process
• Improvements in energy efficiency, wastewater treatment and recycling, and receiving water quality as part of the Lower South Creek Treatment Programme. Social benefits include adequate and equitable sanitation.