Market overview – March 2024 data

Investor and market news 

• The Australian Government’s Green Bond Framework setting out Australia’s climate change and environmental priorities and projects has been released.
• The Federal and Tasmanian Governments announced investment in energy upgrades for 11% of Tasmania’s social housing residents to reduce energy bills.
• Consultation on the Federal Government’s highly anticipated Sustainable Finance Strategy Paper has now closed.

Regulatory developments

• Our Head of Sustainable Finance, David Jenkins, joins the new Nature Finance Council
• Australia’s New Vehicle Efficiency Standard are on the way.
• Lawmakers in the European Parliament have approved the adoption of the European Commission’s proposed Directive on Green Claims.

Selected recent deals

• Cbus Property’s sustainable finance facilities reaches $1.585 billion. 
• Southern Water UK (SW (Finance) I plc) issue a £450m 18-year sustainability bond and a £550m 16-year sustainability bond with us as joint active bookrunner. 
• And Sovereign Network Group (Sovereign Housing Capital plc) issued a £450m 33-year sustainability bond.

Important information and Sustainable Finance team contact details

Climate change is a significant risk to the planet and a major challenge for society to address. At the same time, opportunities are emerging as the transition to net zero occurs.

NAB is supporting customers to decarbonise, build their climate resilience and help achieve the goals of the Paris Agreement.