Auckland Council raises $1 billion in Green Bonds
Auckland Council’s retail Green Bond offer last week raised $300 million, seeing the council surpass $1 billion in funds raised through the sustainable finance framework.
The council’s initial Green Bond release in June 2018 was the first for any organisation in New Zealand and this milestone is yet another success.
Finance and Performance Committee Chair, Councillor Desley Simpson welcomes the result.
“This demonstrates that raising finance for greener outcomes has definitely paid off," she says.
"Responsible investment and financing are important tools for us in pursuing our sustainable development targets and I’m proud that the council has not just been an Auckland leader in this space, but a national leader.