New Zealand airport benefits sustainability goals

He Wellington AirportNew Zealand announced that it had converted $100 million of existing bank lines of credit into syndicated loans. ConsistencyCreating direct financial incentives by aligning low interest rates with the achievement of agreed objectives.

“It’s about strengthening us Affirmations of stability; At Wellington Airport we’ve been setting up Kaithiakitanga (a Maori environmental management system, sustainability targets to guarantee peace) for some time. environment), and it further strengthens our commitment to them,” said Martin Harrington, the airport’s chief financial officer.

Wellington Airport Loans is a conversion to Sustainability Linked Loans Interest expense and a lower tax rate if sustainability targets are met, and a higher rate if sustainability targets are not met goals.

“Australia and NEW ZEALAND BANKING GROUP LIMITED (ANZ) is pleased to have acted as sustainability coordinator on this market-leading transaction for Wellington Airport. Decarbonize the sector Aviation will be a major challenge for decades to come,” said Kate Gunthorpe, director of sustainable finance at ANZ.

Wellington Airport’s four key sustainability goals are: Address Outgassing Airport directly responsible for greenhouse effect emissions (Objectives 1 and 2), verification of greenhouse gas reduction targets Science-Based Goals Initiative (SBTi) and general information on target emissions.

Support and enable Commercial flights Emissions at Wellington Airport by Electric aircraftHybrid and/or standard jet fuel.

Advancement in an internationally recognized program Airport Carbon AccreditationIt conducts independent assessments of airports around the world.

Finally, scale back waste Our operations end in landfills.