Westpac's first climate bond issuance is financing a $1 billion Australian-based clean energy portfolio, including low carbon commercial buildings.
The CEFC has committed $90 million as a cornerstone investor in the $500 million bond that has been certified by the Climate Bonds Initiative.
The CEFC's commitment to the Westpac Climate Bond reflects a strong focus on supporting investments which improve our cities and the built environment.
The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy. Climate bonds are fixed-income financial instruments issued in order to raise finance for climate change solutions. Climate Bonds can be issued by governments, multi-national banks or corporations.