Case Study: New Zealand Local Government Funding Agency achieves sustainable infrastructure financing credibility with Sustainalytics

New Zealand Local Government Funding Agency launches NZD 1.1 billion sustainable bond with Sustainalytics

The New Zealand Local Government Funding Agency (LGFA) sought to leverage its influence to fund green and socially responsible infrastructure projects but needed to ensure its Sustainable Financing Bond Framework met the highest standards to assure stakeholders. To address this challenge, LGFA engaged Sustainalytics for its second-party opinion service and a KPI-SPT assessment report.

Sustainalytics provided a second-party opinion that confirmed the framework's credibility and alignment with market principles, giving investors confidence. This allowed LGFA to successfully issue its inaugural NZD 1.1 billion sustainable financing bond. The proceeds are funding sustainable loans for local councils, directly supporting New Zealand's sustainability objectives and climate change mitigation targets.

New Zealand Local Government Funding Agency (lgfa)