ANZ launches Sustainability-Linked Derivatives

ANZ today announced the launch of a Sustainability-Linked Derivative product in Australia, Hong Kong, Japan and Singapore to support customers achieve their sustainability objectives.

ANZ Head of Sustainable Finance Katharine Tapley said: “ANZ is among very few banks globally to offer Sustainability-Linked Derivatives, which is a natural evolution of the sustainable finance market.”

“This latest sustainable finance-related offering broadens our suite of products and services for our customers, in line with increased demand we are seeing across all industries and market segments,” Ms Tapley said.

ANZ plans to launch this product in other major financial markets later this year.

The new product include Swaps, Forwards, Cross Currency Swaps, Interest Rate and Foreign Exchange Options executed alongside Sustainability-Linked Bonds or Sustainability-Linked Loans. A Sustainability-Linked Derivative has a pricing component tied to the sustainability targets of the underlying Bond or Loan.

A market leader in Sustainable Finance across Australia and New Zealand, ANZ is ranked #1 according to the 2021 Peter Lee Associates Large Corporate and Institutional Relationship Banking Survey.

The bank closed Australia’s first Sustainability-Linked Loan in 2018 as well as the first Sustainability-Linked Bond in the Australian dollar bond market earlier in June.

ANZ has an AUD50 billion commitment to fund and facilitate sustainable solutions for customers by 2025, including initiatives to help improve environmental sustainability, increase access to affordable housing and promote financial wellbeing.

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