Case studies

Commonwealth Bank’s $650 million climate bond funding 12 clean energy projects

Commonwealth Bank's $650 million climate bond funding 12 clean energy projects

The proceeds from the Commonwealth Bank of Australia's first climate bond support 12 eligible Australian projects, including renewable energy generation through wind power, energy efficient buildings and low-carbon transport projects.

The CBA Climate Bond is certified by the Climate Bonds Initiative (CBI), a not-for-profit organisation which aims to promote large-scale investment to deliver a global low-carbon economy.

The CEFC was a cornerstone investor in the $650 million transaction in March 2017, with a $100 million commitment that brought its investment in the green bond market to some $325 million and made it one of the largest single investors in this growing sector. The climate bond is the largest by a non-government Australian issuer and it matures in February 2022.