Design, engineering and advisory company, Aurecon, is taking steps to achieve greater sustainability outcomes through a new sustainability-linked loan supported by CommBank, acting as joint Sustainability Coordinator and lender.
Aurecon has committed to a Sustainability-Linked Loan which will tie the cost of funding to five key sustainability performance targets relating to climate action, gender equality and good health and wellbeing.
Commonwealth Bank General Manager Corporate Finance and ESG, Jane Thomson said Commonwealth Bank is proud to have played an important role in supporting Aurecon to enter Australia’s sustainable finance market.
“Aurecon has committed to achieving meaningful positive social and environmental outcomes by driving change across its operations, its new Sustainability-Linked Loan forms part of this commitment,” Ms Thomson said.
“SLLs incentivise organisations to take action towards a more sustainable future, and we commend Aurecon on its commitments.”
CBA is helping many clients such as Aurecon to deliver enhanced environmental, social and governance outcomes using sustainable finance amid an increasing desire by businesses for ways to integrate sustainability into their strategy and operations, she said.
Supporting clients on their sustainability journey is part of Commonwealth Bank’s commitment to playing a leadership role in Australia’s transition to a net zero emissions economy by 2050.
Aurecon regards sustainability and responding to the climate change challenge as an opportunity for innovation.
Aurecon’s Chief Financial Officer, Andrew Muller said Aurecon had always focused strongly on sustainability.
Aurecon has a strong presence across Australia, New Zealand and Asia with a team of around 6,500 designers, engineers, scientists and advisors who work with clients across markets and asset types, to tackle some of the world’s most complex challenges.
“Aurecon plays a vital role in helping the communities and economies in which it works transition to a more sustainable, liveable future,” Mr Muller said.
“As a provider of climate change and sustainability services it is important for there to be strategic alignment between the advice provided to clients and how the company manages its own business.”
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