Wellington Airport converts $100 million bank facilities to sustainability linked loans

Wellington Airport has converted $100 million of existing bank facilities into sustainability linked loans, creating direct financial incentives by aligning lower interest rates with meeting agreed sustainability targets. “This is about putting further weight behind our sustainability commitments,” said Martin Harrington, Chief Financial Officer, Wellington Airport. “Wellington Airport has had Kaitiakitanga sustainability goals in place for some time, and this further enhances our commitment to these goals. Reaching these ambitious targets will be a win-win for the planet and our bottom-line.” The conversion to sustainability-linked lending means that Wellington Airport’s lending will be charged a lower interest cost and line