Contact Energy: Powering the future with green financing
This case study has been created from the Finance for the Future Awards. This entry was a finalist in the ‘Building sustainable financial products’ category.
Contact Energy is one of New Zealand’s largest listed companies and supplies energy to its customers, with a strong focus on renewable energy. In 2017, the company launched the Green Borrowing Programme. Under this programme, NZ$1.8 billion of Contact’s funding portfolio was certified as green by the Climate Bonds Initiative (CBI) – the largest CBI green certification at that time. Investors can invest in a range of green-certified debt instruments, including bank facilities, commercial papers and retail bonds.
‘The judges were impressed by the holistic approach of Contact Energy, with the company’s principles … embedded throughout their business decisions. The company’s commitment to finding new sources of renewable energy is significant in New Zealand.’
Finance for the Future Awards judges