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Climate Bonds Initiative welcomes Metrics Credit Partners to the Climate Bonds Partnership Programme

Climate Bonds Initiative (CBI) welcomes Metrics Credit Partners (Metrics) to the Climate Bonds Partnership Programme.

Metrics is the first non-bank asset manager in Australia to join the Climate Bonds Partnership Programme, taking its place alongside groups including the big four banks, the Green Buildings Council of Australia, and the Clean Energy Finance Corporation.

Metrics provides private credit and investment to the Australian and New Zealand business and commercial property sectors through a suite of listed and unlisted funds. Since being founded in 2011 it has provided more than $15 billion to borrowers across multiple industry sectors.

As one of the largest providers of private credit in Australia, Metrics actively promotes the development of the local capital markets and long-term, sustainable business practices to address the challenges of climate change.

Metrics is committed to leading the development of a green and sustainable finance market in Australia and recognises that playing its part in the achievement of the UN Sustainable Development Goals and contributing to a better future will involve collaboration with similarly committed organisations.

In partnering with the CBI, Metrics endorses its aim of mobilising global capital for climate change solutions. In particular, Metrics supports CBI’s work on the development of the Climate Bonds Standard to help investors identify investments that are consistent with the goal of the Paris Climate Agreement to limit warming to under 2 degrees Celsius.

The partnership between CBI and Metrics will support the redirection of capital towards that goal by promoting green loan opportunities in the Australian market as borrowers participate in Australia’s transition to a low-carbon economy.

The Climate Bonds Standard has been widely applied by issuers of green bonds and borrowers of green loans in Australia to finance low carbon buildings, transport, and solar and wind energy.

As part of its continuing commitment to sustainable finance, Metrics has refreshed its Environmental, Social and Governance (ESG) policy and is in the process of developing new products and capabilities that will support borrowers and investors in meeting their sustainability goals.

Andrew Lockhart, managing partner and co-founder of Metrics:
“As the first non-bank asset manager in Australia to become a Climate Bonds Partner, Metrics is determined to play a leading role in promoting and assisting with the transition to a low carbon economy.”

“Metrics is committed to developing financial practices and products that will provide our stakeholders with the means to achieve that transition in a just and timely manner. We are delighted to work with the Climate Bonds Initiative to expand the opportunities for green finance in Australia.”

Sean Kidney, CEO, Climate Bonds Initiative:
“It’s great to see a shift in Australia’s commitment towards sustainable finance. Together, with the help of asset managers like Metrics, championing sustainability in private markets, we can be more confident in our transition to a low carbon and climate resilient economy.”

14 October 2021
For further coverage on this announcement, see below:
Financial Standard, 14 October 2021 – Metrics Credit Partners joins climate partnership