Govt issues green bonds as NZ Super shifts to climate-friendly portfolio

Climate change minister James Shaw says we are playing catch-up after decades of climate inaction. (Image: NZME)

Wed, 14 Sep 2022

The government has launched a new sovereign green bond to invest in climate and environment-related projects, it announced today.The new bond initiative coincided with the New Zealand Super Fund announcing it was moving $25 billion or 40% of its investment portfolio to low-carbon indices that aligned with NZ’s international climate change commitments.Finance minister Grant Robertson said the green bonds did not mean taking on new debt above the government’s existing borrowing. “They are issued globally to support climate-frien...

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