Green Bond Fact Sheet
Summary
Macquarie Group issued GBP500m in green loan tranches on 13 June 2018, marking the first such issuance from an Australian issuer. The funds are allocated to renewable energy, waste management, clean transportation, and certified green buildings, while explicitly excluding fossil fuels, nuclear, and food-production biomass. The issuer will provide annual reporting on proceeds and impacts, though the Climate Bonds Initiative notes the need for more rigorous data on waste-related projects to ensure alignment with low-carbon transitions.
Key insights
- On 13 June 2018, Macquarie Group issued GBP500m (USD334m) in green loan tranches, consisting of a GBP250m revolving facility with a 3-year tenor and a GBP250m term facility with a 5-year tenor. These represent the first green loan tranches from an Australian issuer.
- Proceeds from the facilities are allocated to four primary categories: renewable energy (including solar, wind, tidal, and sustainable biomass), waste management (including recycling, solid waste incineration, organic waste treatment, power generation, and landfill gas collection), clean transportation, and green buildings. Eligible green buildings must hold at least a LEED Gold, BREEAM Excellent, GBCA 6 star, or equivalent regional certification.
- The Green Bond Framework explicitly prohibits the use of proceeds for projects directly related to nuclear energy, fossil fuels, or biomass used for food production.
- Macquarie Group commits to publishing an annual Green Financial Report on its website, detailing proceed allocation and impact indicators for each eligibility category. The issuer intends to apply the impact assessment methodology from its Green Investment Handbook and the Green Investment Group.
- Climate Bonds notes that the inclusion of 'additional energy saving or operational performance data' for green buildings increases transparency. However, it highlights a need for more detail on landfill gas collection projects to ensure they are not used to extend landfill lifetimes, noting that more stringent eligibility requirements for waste-related bonds are currently under development.
Cite the original document
- APA
- Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-06%20AU%20Macquarie%20Group.pdf
- Chicago
- Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-06%20AU%20Macquarie%20Group.pdf.
- Wikipedia
- {{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=14 June 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-06%20AU%20Macquarie%20Group.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = jun, url = {https://www.climatebonds.net/files/drupal-files/files/2018-06%20AU%20Macquarie%20Group.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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