The NAB-backed Sustainability Linked Loan (SLL) encourages social infrastructure proprietor Arena REIT to scale back greenhouse gasoline emissions, scale up rooftop photo voltaic deployment, and strengthen fashionable slavery threat administration.
NAB was engaged by Arena REIT as a Joint Sustainability Coordinator to assist develop the idea of sustainable finance and construction its first SLL.
Arena REIT is an ASX200 listed firm that develops, owns and operates social infrastructure amenities throughout Australia with a portfolio of over 250 properties within the childcare and healthcare sectors. NAB-backed SLL permits Arena REIT to align its sustainability priorities with funding, with monetary impacts primarily based on the achievement or failure of key goals.
NAB Global Head of Sustainable Finance David Jenkins stated NAB is proud to assist Arena REIT in reaching its sustainability objectives.
“By linking the cost of the loan to sustainable development goals, Arena REIT is making a tangible commitment to reducing greenhouse gas emissions, increasing the installation of solar panels on the roofs of its facilities, and strengthening the risk management of modern slavery,” stated Mr. Jenkins.
“In addition, it’s great to see that Arena REIT is recognizing the opportunity to build stronger relationships with customers and suppliers based on their shared values, which are reflected in each of the sustainability goals.”
NAB is on the forefront of growing inexperienced, social, sustainable and sustainable finance options, working to assist our shoppers of their decarbonization and sustainability aspirations.