NAB’s Port of Newcastle funding tied to green sustainability goals

Ben Millington, ABC News, 04 May 2021

National Australia Bank (NAB) has agreed to help finance the world's largest coal export terminal and has linked loans to a new set of social and environmental goals. NAB has stepped in to pull together "sustainability linked" loans to the value of $565 million, with the bank's group executive David Gall saying, this sort of "behaviour-based lending provides an opportunity to help our customers create greater environmental and social impact in sectors not easily diversified." The loan conditions require the port to reduce…

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