Leading the way in sustainable finance this International Women's Day

International Women’s Day is a chance to celebrate women’s achievements, and this year’s theme recognises the contribution of wāhine around the world who are leading the charge on climate change adaptation, mitigation and response, to build a more sustainable future for all.

Councillor Desley Simpson, Chair of the Finance and Performance Committee, says the council’s Green Bond offers are a perfect example of leadership in sustainability.

“The council’s initial Green Bond release was a first for any organisation in New Zealand, and just a few months ago we reached almost $2 billion in funds raised through the sustainable finance framework, now one of the largest in New Zealand.

“Funds raised through Green Bonds can only be used to fund projects that will benefit the environment, and this type of responsible investment and financing is essential for us to achieve our sustainable development targets.

“I’m proud that the council has not just been a regional leader in this space, but a national one.”

Another area that sees the council lead nationally is in the development of climate change reporting, led by the council’s Group Accounting & Reporting Manager, Tracy Gers and Senior Corporate Sustainability Advisor, Helen Mahoney.

“Climate change risk reporting is a new and emerging type of reporting, especially for New Zealand. Auckland Council is leading the way, and was the first government entity to report these disclosures” says Tracy.

“The council is not required to report this information but does so voluntarily for the benefit of not only the council but the whole Auckland region.”

Helen says the disclosures identify, assess and address the council’s organisational climate change risks to give clear and detailed information on the potential financial impacts.

“The reporting aligns with an international framework from the Task Force on Climate-related Financial Disclosures, and although there is still more work for us to do to meet all of the requirements, we’re committed to achieving full compliance and I’m proud of what we’ve accomplished so far.”