Adelaide Airport signs Australian-first sustainability loan
Adelaide Airport has signed a sustainability performance linked loan in an Australian-first.
The loan seeks to incentivise a borrower to further improve its performance against a set of Environment, Social and Governance (ESG) criteria.
Adelaide Airport Managing Director Mark Young said the airport worked hard to embed the principles of sustainable business practice throughout its operations.
“Creating an explicit link between our financing and long term sustainability credentials – including risk management, governance, our culture, the value we place upon our people and our relationships with our customers and stakeholders – is a key milestone for our business as we seek to further integrate sustainability within our day-to-day operations,” Mr Young said.
“As the gateway to South Australia, Adelaide Airport is a key piece of community infrastructure and an important contributor to the State’s economic success and we are proud to be contributing to the State’s growth in a sustainable way.”
The seven year loan is provided by ANZ.