La Trobe University has launched its first green bond
La Trobe University has launched its first green bond, aiming to raise $175m to finance environmentally friendly projects.
La Trobe University has launched its first green bond, aiming to raise $175m to finance environmentally friendly projects.
The university said it would use the money to fund a range of initiatives. They include: developing and expanding the use of solar, wind and hydro power on campus; boosting energy efficiency in university facilities; constructing eco-conscious infrastructure such as green buildings and electric vehicle charging stations; increasing water conservation and wastewater recycling; and revegetation of the university’s Darebin Creek frontage.
La Trobe said it would transparently account for the use of the funds and bondholders would receive regular updates on the progress of the projects being funded.
La Trobe chief operating officer Mark Smith said the green bond offering, and the initiatives it would fund, marked a pivotal moment in the university’s environmental journey.
“Investors in our green bond will have the opportunity to be part of a sustainable investment portfolio that aligns with their own environmental and social values,” he said.
The bond is being issued according to International Capital Market Association green bond principles.
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