Adelaide airport has taken out Australia’s first sustainability-linked loan, a A$50 million ($35.6 million) facility from ANZ Banking Group that incentivises it to improve its environmental, social and governance (ESG) performance.
The revolving credit facility's interest rate is linked to the airport’s ESG risk ratings, which measure its material risk to ESG factors, and is assessed by specialist firm Sustainalytics.
“Creating an explicit link between our financing and long term sustainability credentials – including risk management, governance, our culture, the value we place upon our people and our relationships with our customers and stakeholders – is a key milestone for our business as we seek to further integrate sustainability within our day-to-day operations,” says the airport’s managing director Mark Young.
Source: Cirium Dashboard
