Metrics Credit Partners joins Climate Bonds Partnership

The Climate Bonds Initiative (CBI) has welcomed Metrics Credit Partners to the Climate Bonds Partnership Programme.

Metrics Credit Partners is the first non-bank asset manager in Australia to join the programme alongside the big four banks, the Green Buildings Council of Australia, and the Clean Energy Finance Corporation.

“As the first non-bank asset manager in Australia to become a Climate Bonds Partner, Metrics is determined to play a leading role in promoting and assisting with the transition to a low carbon economy,” said Andrew Lockhart, managing director and co-founder of Metrics.

“Metrics is committed to developing financial practices and products that will provide our stakeholders with the means to achieve that transition in a just and timely manner.

“We are delighted to work with the Climate Bonds Initiative to expand the opportunities for green finance in Australia.”

Climate Bonds Initiative and Metric Credit Partners’ new partnership supports the development of the Climate Bonds Standard, which aims to redirect capital and help investors choose products that are consistent with the Paris Agreement’s goal to limit warming to under 2 degrees Celsius.

Metrics Credit Partners will support this goal by promoting green loan opportunities in the Australian market so borrowers can participate in the transition to a low-carbon economy.

“It’s great to see a shift in Australia’s commitment towards sustainable finance,” said Sean Kidney, CEO at Climate Bonds Initiative.

“Together, with the help of asset managers like Metrics, championing sustainability in private markets, we can be more confident in our transition to a low carbon and climate resilient economy.”

Metrics Credit Partners was founded in 2011 and provides private credit and investment to the Australian and New Zealand business and commercial property sectors, through a collection of listed and unlisted funds. It has provided more than $15 billion to borrowers across multiple sectors since its foundation.

The firm seeks to promote the development of long-term sustainable business practices to address the challenges of climate change, including a green and sustainable finance market in Australia. It also refreshed its ESG policy and aims to develop new offerings to support borrowers and investors in meeting their sustainability goals.