Fonterra Co-operative Group has long been a subject of significant interest in New Zealand sustainable finance, given the company’s scale and the transition challenges facing the agriculture sector as a whole. Following the release of Fonterra’s sustainable finance framework, in mid-October, the company’s Auckland-based director, capital markets, Simon Till, talked to KangaNews about future funding plans.
After a year of limited capital market issuance – domestically and offshore – there might be grounds for pessimism in the Australian corporate debt market. But a group of analysts, issuers and investors who gathered at a discussion hosted by Fitch Ratings and KangaNews in November 2022 say Australian credits are relatively well positioned as and when confidence returns to the market, despite the obvious challenges of the past year.
In November 2022, KangaNews and Westpac hosted the New Zealand Sustainable Finance Summit as an in-person event in Auckland, for the first time since 2020. Speakers discussed the pressing need to turn good intentions and high-level thought into action on climate transition.
Impact Investment Exchange (IIX)’s most recent issue, a US$50 million orange bond, is a first for the global debt capital markets. IIX and ANZ – a lead on the transaction – hope the new label will help spearhead intentional and robust investment with a gender lens.