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Filter search resultsRisk management
… the Board by considering, reviewing and monitoring LGFA’s risk management framework and processes, and the internal … managed using a forecasted cashflow approach measured over 30-day, 90-day and one-year periods. LGFA is required to … Revenue <20% <20% Net Interest / Annual Rates Income <25% <30% Liquidity >110% >110% Table 2: LGFA Alternative Net Debt …PageOur story
… deficit” in New Zealand was another factor supporting LGFA’s development. It was clearly recognised by both central and … significantly over the next decade to maintain New Zealand’s international competitiveness. To balance this cost … A group of nine councils strongly supported LGFA’s development, and formed a steering group with Local …PageGreen, Social & Sustainability Loans
… that are, in some other way, related to New Zealand’s national energy, climate and environment targets Form part of a Borrower's systematic work on climate change and the environment, and … GSS Loans are documented as debt securities under LGFA's Multi-issuer Deed and classified as 'GSS Loans' in LGFA’s …PageGovernance
… (20%) and thirty councils (80%). LGFA Shareholder's Council , comprising five to ten appointees from the … for the strategic direction and control of LGFA's activities. The LGFA Board is committed to ensuring LGFA … LGFA Annual Report provides detailed information on LGFA’s governance structure and principles, including setting out …PageCredit ratings
… LGFA securities are rated at AAA (domestic long term) by S&P Global Ratings and AA+ by Fitch Ratings. The foreign currency long term rating is AA+ by S&P Global Ratings and AA+ by Fitch Ratings. The domestic … and foreign currency ratings are on stable outlook by S&P Global Ratings. The domestic and foreign currency rating …PageClimate Action Loans
… gas (GHG) emissions. Offering CALs aligns to LGFA’s aim of displaying leadership to the sector on sustainable … Targets. CALs are documented as debt securities under LGFA's Multi-issuer Deed and classified as 'CALs' in LGFA’s Climate Action Loans Programme – Criteria. Both the ERP and …PageGuarantee arrangements
… LGFA's debt obligations are guaranteed by its council shareholders … the arrangement but only after: All the exiting council’s borrowings are repaid. All the LGFA’s borrowings, current at the time the council notifies of its …PageSustainability
… outcomes for local communities. LGFA supports New Zealand’s contribution to meeting the United Nations’ Sustainable … its members’ core investment into improving New Zealand’s infrastructure and services to residents and visitors. By … these investments form an important element of LGFA’s sustainability context. LGFA is committed to assist …PageLGFA Sustainability Committee
… objectives. The Committee is chaired by LGFA’s Head of Sustainability and comprises three employees and four independent members. The Committee’s purpose is to advise the Chief Executive and Board on … programme. GSS loan applications are reviewed by LGFA’s Sustainability Committee prior to approval, with approved …PageBoard of Directors
… for the strategic direction and control of LGFA’s activities. The Board guides and monitors the business and … Government Borrowing Act 2011; Companies Act 1993; LGFA’s Constitution; LGFA Shareholder Agreement; LGFA Annual … names, positions, qualifications and experience of LGFA’s directors are set out below: … Board of Directors …PageSustainability at LGFA
… as well as being a good employer. One of LGFA’s foundation objectives is to Exhibit a sense of social and … in climate change for councils and supports New Zealand’s shift to a low-carbon economy. LGFA will exhibit a sense of … and cost consciousness are the cornerstones of LGFA’s culture, which lay the foundation for our business to be …PageGlobal Reporting Initiative
… the assessments and decisions of our stakeholders. LGFA’s materiality issues were determined with the assistance of … to our business and key stakeholders. This year, LGFA’s material issues have been updated to reflect our increasing …PageSustainable Financing Bonds
… Financing Bond Framework (“Framework”) to: recognise LGFA’s commitment to support council and CCO borrowers to fund … are notionally allocated to the Sustainable Loans on LGFA’s balance sheet; and advance the market for sustainable …PageHealth & Safety
… diversity and employment which encapsulate the company’s commitment to health, safety and wellbeing. LGFA provides … case management and on-going monitoring of an employee’s progress to ensure the assistance and treatment in meeting …PageLGFA’s Carbon Footprint
… as well as management plans to reduce our company’s emissions. Where LGFA are unable to eliminate emissions, … Our first target is cutting per employee emissions by 30% by 2030, compared with a 2018/19 base year. We have also … our certification at the Toitū Envirocare website. … LGFA’s Carbon Footprint …PageThe United Nations Sustainable Development Goals
… and local Councils and wishes to support New Zealand’s shift to a low-carbon economy. LGFA also recognises it has a role to play in New Zealand’s contribution to meeting UN SDGs and helping its member …PageGSS Loan Application Forms
… queries to assist assessing which projects in a borrower’s asset portfolio could potentially qualify for a GSS Loan …PageSector Standard page
… with an introductory top layer). Cards Standard & Poor's Domestic Currency AAA+ Positive outlook Foreign Currency AA+ Positive outlook 86% LGFA's estimated market share of local government debt Loans to …PageInvestors
… long term) by international credit rating agencies S&P Global Ratings and Fitch Ratings respectively. These …Page