The bank wants to reward innovative, sustainable actions through its deals
Kiwibank has partnered with the Energy Efficiency and Conservation Authority on the Government Investment in Decarbonising Industry Fund (GIDI) Private Finance Pilot, to mainstream sustainable finance for Kiwi businesses as well as support decarbonisation projects.
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The pilot scheme will see a range of financial providers co-fund projects to support applicants move away from fossil fuels.
“As a purpose-driven partner committed to enabling our customers to transition to a low-carbon economy, we wanted to reward that innovative, sustainable action through our deals,” said Tom Williams, Kiwibank head of sustainable finance. “Our expert support is more than just finance. It includes supporting customers to measure and understand their emissions, providing access to professional networks, and sharing customer success stories.”
The Kiwibank team will help successful applicants through competitive fixed or variable interest rates, funding, and discounts considered based on impact and purpose.
“We know we need to run our business in a way that helps our customers, our people, the communities we operate in, and the environment. This pilot aims to do exactly that by supporting Kiwi businesses away from fossil fuels,” Williams said.
Kiwibank achieved a B-Corp certification in 2021 and was a recipient of the 2022 INFINZ ESG Award.
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