Financed by a ten-bank syndicate, the loan links to two scope 1 and 2 emissions reduction indicators, a mental health workplace certification and an overarching goal targeting scope 3 emissions reduction.<\/p>\n
Chief executive, Saul Cannon said the deal reflected the port\u2019s goal of working with stakeholders to benefit the Victorian economy and local community.<\/p>\n
\u201cAs Australia\u2019s largest general cargo and container port, we are committed to facilitating the decarbonisation of the port\u2019s supply chain, minimising the port\u2019s impact on our land, air and waters and building strong stakeholder relationships,\u201d he said.<\/p>\n
\u201cLinking an element of our financing structure to sustainability embeds our people, our environment and our stakeholders into what we do now and in the future.\u201d<\/p>\n
Port of Melbourne recently announced a target to achieve net zero scope 1 and 2 emissions by 2030, through the use of 100% renewable electricity, and the electrification of its vehicle fleet and marine survey vessel.<\/p>\n
Along with a new commitment to mental health first aid training and certification, achieving this net zero ambition is a key tenet of the new SLL.<\/p>\n
PoM is also working on reducing scope 3 emissions, recently signing a memorandum of understanding with industry to explore the commercial feasibility of a green methanol bunkering hub.<\/p>\n
Australia and New Zealand Banking Group and BNP Paribas acted as mandated lead arrangers & bookrunners and sustainability coordinators on the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Port of Melbourne has completed a A$475 million sustainability linked loan.<\/p>\n","protected":false},"author":8,"featured_media":3695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[70,8],"tags":[],"sponsor":[],"class_list":["post-3694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-greenport","category-projects-initiatives-greenport"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/3694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=3694"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/3694\/revisions"}],"predecessor-version":[{"id":3696,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/3694\/revisions\/3696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/3695"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=3694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=3694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=3694"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=3694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}