OUR GREEN & SOCIAL CAPITAL INSIGHTS
Environmental, Social and Governance (ESG) is not a new concept for private funds. Most institutional investors and fund managers have had ESG policies in place for many years.
11 April 2024
The Housing Availability and Affordability (Planning and Other Legislation Amendment) Bill 2023 (Bill) was recently introduced to Queensland Parliament to address current housing supply and affordability challenges.
13 November 2023
The Housing Statement ambition is up to 800,000 new homes in the next decade, increasing to 2.2 million by 2051.
21 September 2023
The sustainable finance market is evolving at an accelerating pace. One recent trend garnering growing interest from market participants is the development of “sustainability-linked derivatives” (SLDs).
23 August 2023
The 2023 Federal Budget allocated nearly $200 million over 6 years to address entrenched community disadvantage, including $11.6 million to promote social impact investment. It’s not huge, but a start.
17 July 2023
The sustainable finance market is evolving at an accelerating pace. One recent trend garnering growing interest from market participants is the development of “sustainability-linked derivatives” (SLDs). The first SLD was issued in August 2019. In under four years, based on a market survey conducted by the International Swaps and Derivatives Association (ISDA), the number of banks, companies, consultants and other market participants worldwide that have engaged in SLD transactions has grown considerably. This insight explores the key features of SLDs, and outlines some of the documentation and potential regulatory issues for market participants that are considering engaging in SLD transactions. We also set out our key tips for navigating these issues.
21 June 2023
This is a result of the important role finance flows play in the global shift toward a low-carbon, climate-resilient economy[1]. The stakeholders range from pension funds to banks and import-export institutions, which not only face the continuing indirect risks arising from climate action brought against clients and investees, but are also increasingly the direct targets of climate action for their roles in financing projects associated with significant carbon emissions.
01 June 2023
Green bonds have surged in use over the past two years, but the future growth and effectiveness of the market is threatened by difficulties confirming the credit quality of an issuer and ensuring proceeds are used to fund green projects.
21 March 2023
Proponents of environmental, social and governance (ESG) practices have at times been accused of prioritising values over value, and concerns around the financial basis for ESG investment can become an obstacle for even the best-intentioned of businesses.
08 December 2022
The pace of sustainable finance development is accelerating. Recent years have seen a surge in projects and purposes that focus on all environmental, sustainable and governance aspects and use a variety of formats and products.
26 September 2022
According to the United Nations’ financing roadmap to net zero, the lion’s share of the USD32 trillion of funding needed for decarbonisation efforts in the next decade must come from the private sector.
14 September 2022
Just a few years ago, raising finance linked to the achievement of environmental, social and governance (ESG) objectives may have been viewed by borrowers as a “nice to have” and a relatively easy way to enhance their reputations and boost their ESG credentials.
23 June 2022
HOW WE HELP OUR CLIENTS
King & Wood Mallesons (KWM) has advised leading Australian energy infrastructure business, APA Group (APA) on its $1.7 billion acquisition of Alinta Energy’s Pilbara business. This business, located in Western Australia’s Pilbara region, is underpinned by contracted operational assets (gas and solar power generation, gas transmission, battery energy storage systems and electricity transmission), together with an extensive development pipeline of projects.
28 August 2023
King & Wood Mallesons (KWM) advised Asia-Pacific & Japan (APJ) hyperscale data centre operator, AirTrunk, in obtaining multi-currency, sustainability-linked debt financing of $4.6 billion (AUD equivalent).
24 August 2023
King & Wood Mallesons (KWM) has advised Commonwealth Bank of Australia (CBA) on an investment in Wollemi Capital, as part of the global climate specialist investment firm’s Series A capital raising.
17 July 2023
King & Wood Mallesons (KWM) is delighted to have acted as legal counsel for Local: Residential (Local) on their second build to rent project at 245 Normanby Road, South Melbourne.
31 May 2023
KWM is delighted to be advising Allkem Limited on its A$15.7B all-stock merger of equals with Livent Corp, to create a leading global lithium chemicals producer.
15 May 2023
KWM has been recognised as Syndicated Project Finance Law Firm of the Year, at the 2023 The Asia Pacific Syndicated Loan Market Awards in Hong Kong SAR.
17 March 2023
KWM has advised Nabors Energy Transition Corp. (NETC), a US-listed special purpose acquisition company (SPAC), on its entry into a business combination with Vast Solar Pty Ltd, a world-leader in concentrated solar thermal power, delivering clean, dispatchable power and heat and green fuels.
03 March 2023
King & Wood Mallesons (KWM) have advised Australia and New Zealand Banking Group, Aware Super, BNP Paribas, National Australia Bank, Sumitomo Mitsui Banking Corporation and Westpac Banking Corporation Super as financiers to Zenith Energy Pty Ltd (Zenith Energy) in respect of its A$440 million, five year, syndicated debt facilities.
08 December 2022
King & Wood Mallesons is delighted to have advised Iluka Resources Limited [ASX:ILU] [Iluka] on its strategic partnership with Northern Minerals Limited [ASX:NTU] [Northern], including a life of mine supply agreement for the supply of rare earths concentrate to Iluka from Northern’s Browns Range Project, and a strategic investment by Iluka in Northern by way of an initial placement and convertible note, with the possibility for additional investment by Iluka under a further placement and reciprocal put and call options (subject to the satisfaction of certain conditions).
03 November 2022
King & Wood Mallesons (KWM) is pleased to have advised financiers to Ratch-Australia on the portfolio financing of their Australian renewable assets: Mount Emerald Wind Farm in QLD, Collector Wind Farm in NSW and Collinsville Solar Farm in QLD.
13 September 2022
KWM has advised Reliance Rail in refinancing its existing bank debt facilities with a 21-year Green Sustainability-Linked Loan (GSLL). Reliance Rail is a Public Private Partnership (PPP) with the NSW Government established to design, manufacture and maintain the largest single procurement of passenger trains in Australian history.
01 March 2022
The plantations comprise over 22,000 hectares of sustainably managed pine plantations along the Victorian and South Australian borders in an area known as the ‘Green Triangle’. Specific details of the transaction are not being publicly disclosed, however the transaction is understood to be the biggest timber industry sale in Australia since 2012.
22 December 2021
King & Wood Mallesons (KWM) is pleased to have acted for Lochard Energy to raise approximately A$1.3bn of new debt.
28 September 2021
King & Wood Mallesons (KWM) has advised Queensland Airport Limited (QAL) on a $300 million raising to fund the Gold Coast Airport redevelopment. Of the overall total raised, $100 million is in the form of a carbon related Sustainability Linked Loan, funded by CBA and Westpac.
25 July 2019
King & Wood Mallesons (KWM) has advised Sydney Airport on its syndicated $1.4bn Sustainability Linked Loan, the first of its kind in Australia.
23 May 2019
King & Wood Mallesons has worked with the National Housing Finance and Investment Corporation (NHFIC), an independent Commonwealth entity, on its debut fundraising and financing transactions.
17 April 2019
KEY CONTACT
