Signatory News

Signatory News

Signatory News

Warehouse signs $70 million ‘sustainability-linked loan’ with Westpac NZ

The Warehouse has signed a $70 million sustainability-linked loan with Westpac. Warehouse chief executive Nick Grayston said the group will have to meet five sustainability performance goals including sustainable packaging, carbon emissions and gender targets to receive discounted rates, under the agreed terms.
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Auckland Council – businesses join FutureFit

More than 45,000 people are already using Auckland Council’s FutureFit tool to measure and reduce their personal carbon footprint. To date, they’ve saved the carbon equivalent of 13,600 car trips from Auckland to Wellington by making simple adjustments to their habits.
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Auckland Transport – 152 Electric buses on the way for Tāmaki Makaurau

Australasia’s largest electric bus order has been announced between Auckland Transport (AT) and NZ Bus. AT has ordered 152 battery electric buses in an effort to green their bus fleet. The buses will replace 12 percent of the current diesel bus fleet across Tāmaki Makaurau in line with AT's Low Emission Bus Roadmap.
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Suncorp New Zealand Sets Supplier Emissions In Its Sights With Pilot Of Carbon Management Programme

More than 45,000 people are already using Auckland Council’s FutureFit tool to measure and reduce their personal carbon footprint. To date, they’ve saved the carbon equivalent of 13,600 car trips from Auckland to Wellington by making simple adjustments to their habits.
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Watercare – Homegrown poo-eating bugs that will make wastewater treatment greener

In the bowels of the Māngere Wastewater Treatment Plant, a team of engineers diligently grow small poo-eating organisms which will help pave the way to a greener future. It’s the first time anammox bugs have been farmed in New Zealand on such a scale, and the team behind the project are hoping the micro-organisms drastically reduce the energy needed during part of the wastewater treatment process.
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Genesis and Westpac NZ sign a $100m Sustainability Linked Loan with market-leading emissions reduction targets

Genesis Energy will be required to meet ambitious carbon emission reduction targets if it’s to avoid penalties under a Sustainability-Linked Loan agreed with Westpac New Zealand. The $100m loan financially incentivises Genesis to meet sustainability targets, which include reductions across all scopes of emissions, ramping up renewable energy generation, and a future of work programme. Genesis will pay a lower interest rate on the loan for achieving its goals but will have to pay higher interest if it falls short of its commitments.
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Why Stuff is treating climate change as an emergency

Think of it as renewing our vows. Almost three years ago, Stuff announced it was prioritising climate change with insistent coverage aimed at disturbing our collective complacency. What was then called Quick! Save the Planet has morphed into The Forever Project, a dedicated team of climate journalists working on a multi-platform effort to articulate the peril, and share solutions.
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Genesis and Evnex remove EV pain points with new technology

Genesis Energy is working with Christchurch based company Evnex to trial new electric vehicle smart charging technology that removes pain points in the adoption of electric vehicles.
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BNZ first NZ bank to sign up to Net Zero Banking Alliance

Bank of New Zealand (BNZ) has today signed up to the Net-Zero Banking Alliance (NZBA), committing it to work with customers to increase sustainability and reduce emissions that align to net-zero emissions by 2050. In becoming the first New Zealand bank to commit to membership of the Net Zero Banking Alliance, an industry-led, UN-convened alliance of banks worldwide, BNZ will accelerate a reduction in operational and attributable Greenhouse Gas (GHG) emissions across its lending and investment portfolios. It will do this by incentivising emissions reduction and working with customers on transition plans that align their businesses to net zero pathways.
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Auckland Transport shines bright at United Nations Climate Change Conference

Auckland Transport’s zero-emission bus fleet will be showcased in a virtual exhibition at the United Nations Climate Change Conference (COP 26) in Glasgow this month. The COP 26 summit improves the global efforts of countries all over the world to play their part in limiting global warming to 1.5 degrees. Auckland Transport’s (AT) transition to zero-emission buses has been recognised in a C40 cities exhibition at COP 26, along with a number of wider Auckland Council initiatives to reduce carbon emissions.
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