Green Bond Fact Sheet

Pepper Group issued green RMBS tranches totaling EUR110m and AUD75m on December 6, 2018, to fund green mortgages. Eligibility is based on building energy performance, targeting the top 15% of the market using specific building codes and standards in New South Wales, Victoria, and Tasmania, with these criteria serving as a proxy for other Australian regions.

• Pepper Group issued green RMBS tranches totaling EUR110m (USD125.1m) and AUD75m (USD54.1m) on 06-Dec-2018.
• The bond proceeds are allocated to green mortgages for properties that rank in the top 15% of the market for building energy performance. Eligibility for properties in New South Wales, Victoria, and Tasmania is based on building codes combined with BASIX, NatHers, and NCC BCA third-party standards.
• For properties in Queensland, South Australia, Western Australia, Australian Capital Territory, and the Northern Territory, eligibility is determined by applying the New South Wales criteria. Sustainalytics noted that this proxy approach may have limitations due to regional climate variations, though it was considered a valid method to identify top-performing buildings lacking region-specific criteria.
• Pepper Group is the second Australian issuer to launch an RMBS featuring green tranches, following a February 2018 issuance of an AUD300m green RMBS tranche by NAB.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-12%20AU%20Pepper%20Group.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2018-12%20AU%20Pepper%20Group.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=4 February 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2018-12%20AU%20Pepper%20Group.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = feb, url = {https://www.climatebonds.net/files/drupal-files/files/2018-12%20AU%20Pepper%20Group.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }