Napier Port Holdings (NZX.NPH) has today introduced its Sustainable Finance Framework, supporting the company’s commitment to continuously improve and integrate sustainable practices throughout its business.
Chief Financial Officer Kristen Lie said, “The Sustainable Finance Framework is another forward step in progressing our sustainability strategy and positions us to access sustainable financing instruments (sustainable loans and/or bonds) as we undertake a significant investment programme to support our growth and transformation goals, and as we start to replace our mobile plant assets incorporating more energy efficient and lower GHG emitting technologies.
“By developing a Sustainable Finance Framework, we are committing to applying internationally recognised sustainable finance principles where we access sustainable financing instruments going forward. This provides the means for us to work with our capital providers in a transparent and mutually beneficial way, benefiting all stakeholders.”
Westpac New Zealand has acted as Sole Sustainability Coordinator in connection with developing Napier Port’s Sustainable Finance Framework and initial Eligible Asset Register. “The Westpac Sustainable Finance team have been instrumental in helping us navigate the sustainable finance arena.” Mr Lie said.
The Sustainable Finance Framework has been independently reviewed by Sustainable Fitch, a global provider of independent ESG research and opinions specialising in sustainable finance. Sustainable Fitch’s Second-Party Opinion confirmed that Napier Port Holdings’ Sustainable Finance Framework has ‘Good’ alignment with the International Capital Market Association Green Bond Principles and the Loan Market Association, Loan Syndications and Trading Association, and Asia Pacific Loan Market Association Green Loan Principles.
The Napier Port Sustainable Finance Framework and the Second-Party Opinion of Sustainable Fitch are available on Napier Port’s Investor Centre at www.napierport.co.nz/investor-centre.
