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Sustainability-linked loans first of kind for Australian airport

Accomplished airport operator Queensland Airports Limited (QAL) has secured financing for the Gold Coast Airport redevelopment, with $100 million of the funds in the form of sustainability-linked loans.
The loans from Commonwealth Bank and Westpac – based on carbon accreditation through the Airports Council International program and a reduction in carbon emissions – are the first of their kind to be taken out by an Australian airport.
QAL CFO Amelia Evans said the business was committed to strengthening its performance in the area of Environment, Social and Governance (ESG) – and obtaining sustainability-linked loans were another step towards that.

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