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Filter search resultsRisk management
… an effective risk management framework is a critical part of its business structure. LGFA is exposed to both business and treasury related risks because of its normal business activities that relate to raising and … organisations. LGFA adopts the "three lines of defence" model to ensure that essential risk management …PageSustainability at LGFA
… LGFA was established with the primary objective of optimising the debt financing terms and conditions for our … environmental and social responsibility priority into our Statement of Intent through the following objective: Improve …PageOur story
… These attempts ultimately failed, due in part to a lack of strong and unified support from local authorities. At the … authorities, on the capital markets – pricing and security of access in particular.” Hugo Ellis, Borrowing Together for … efficient funding vehicle on hand would minimise the cost of this additional borrowing. A group of nine councils …PageBoard of Directors
… independent and non-independent directors, the majority of which are required to be independent directors appointed … Constitution; LGFA Shareholder Agreement; LGFA Annual Statement of Intent. The names, positions, qualifications and experience …PageSector Standard page
… Sector supports a variety of Information Architecture principles - one is to organise … in pages which are organised in a menu. The concept of hierarchical content works well with: Linear content … AA+ Positive outlook 86% LGFA's estimated market share of local government debt Loans to Auckland Council are …PageGreen, Social & Sustainability Loans
… for a LGFA GSS Loan, a project must achieve one or more of the following: Promote the transition to a low-carbon … national energy, climate and environment targets Form part of a Borrower's systematic work on climate change and the … is required for all GSS loans: The estimated total cost of the project; The date on which construction work is …PageLGFA’s Carbon Footprint
… eliminate emissions, these are offset through the purchase of high-impact carbon credits from a Gold Standard-certified … Toitū certifications meet and exceed the requirements of ISO standards and ensure consistent and comprehensive … is accredited by the Joint Accreditation System of Australia and New Zealand (JAS-ANZ). LGFA directors are …PageThe United Nations Sustainable Development Goals
… New Zealand, comprise 17 goals and 169 targets. As part of our commitment to sustainability, LGFA will seek to … its GBP and SBP to the UN SDGs to provide a broad frame of reference by which parties can evaluate the financing objectives of a green bond or social bond against the UN SDGs. LGFA has …PageShareholders Council
… from the Council Shareholders and the Crown. The role of the Shareholders' Council comprises the following: Review and report performance of LGFA and the Board; Recommendations to Shareholders as to the appointment, removal, replacement and remuneration of directors; Recommendations to Shareholders as to any …PageAnnual reports and Statement of Intent
… LGFA Statement of Intent LGFA Annual and Half … … Annual reports and Statement of Intent …PageSustainability
… By extension, these investments form an important element of LGFA’s sustainability context. LGFA is committed to assist … to reduce their greenhouse gas emissions over time. Review of Climate Emergency Declarations and Responses by Councils … declared a climate emergency over 2019-2020 (16 out of 78), their subsequent responses and any opportunities for …PageSector standard page - content elements
… text. You can now link to the anchor by setting #name-of-your-anchor as the URL in the LinkIT URL field. Editing … page should contain a concise introduction to the contents of the page. This way your reader can instantly gain an understanding of what the page is about and decide whether they want to …PageGovernance
… (80%), the LGFA Shareholders Council and the LGFA Board of Directors. 31 Shareholders , comprising the New Zealand … is responsible for the strategic direction and control of LGFA's activities. The LGFA Board is committed to ensuring … documents: LGFA Constitution Shareholders Agreement Code of Ethics Board Charter Audit and Risk Committee Charter …PageAnnual General Meeting material
… 2018 Notice of Meeting Shareholder Council Letter for Director and … Policiesincorporating changes - clean version 2017 Notice of Meeting Shareholder Council Letter for Director and … Policy incorporating changes - clean version 2016 N otice of Meeting Shareholder Council Letter for Director and …PageLGFA shareholders
… ordinary shares on issue (valued at NZ$1 each), 20 million of which remain uncalled. There are currently 31 … councils at 80% Council Shareholders Auckland Council Bay of Plenty Regional Council Christchurch City Council Gisborne … Waipa District Council Wellington City Council Western Bay of Plenty District Council Whakatane District Council …PageForeign Currency Debt Issuance
… LGFA has the ability to issue two types of Foreign Currency debt. LGFA have MTN documentation in … foreign currency issuance with programme limits of US$10 billion and A$5 billion, as well as ECP … foreign currency issuance with a programme limit of US$2 billion. … Foreign Currency Debt Issuance …PageLGFA Sustainability Committee
… objectives. The Committee is chaired by LGFA’s Head of Sustainability and comprises three employees and four … for ongoing compliance. The current independent members of the LGFA Sustainability Committee are: Alison Howard Erica …PageGlobal Reporting Initiative
… that substantively influence the assessments and decisions of our stakeholders. LGFA’s materiality issues were determined with the assistance of Proxima, an independent sustainability consultancy. Over …PageGuarantee arrangements
… from LGFA must be a Guarantor. Any council shareholder of a Council Controlled Organisaton who borrows from LGFA … borrowings, current at the time the council notifies of its withdrawal from the guarantee, are repaid. … …PageGSS Loan Application Forms
… that they may qualify for a GSS Loan. Nick Howell – Head of Sustainability Tel: + 64 21 227 3738 Email: … categories Excluded Categories can be found in Clause 3.6 of the LGFA Green, Social and Sustainability Lending …PageUseful links
… About New Zealand Statistics New Zealand The Reserve Bank of New Zealand The Treasury New Zealand Debt Management (NZDM … (KBN) KommuneKredit Municipality Finance Plc Kommuninvest of Sweden Agence France Locale … Useful links …PageClimate Action Loans
… gas (GHG) emissions. Offering CALs aligns to LGFA’s aim of displaying leadership to the sector on sustainable lending … or process for applying for a CAL. Nick Howell – Head of Sustainability Tel: + 64 21 227 3738 …PageCAL Application Form
… or process for applying for a CAL. Nick Howell – Head of Sustainability Tel: + 64 21 227 3738 Email: …PageInvestors
… The LGFA provides investors with a source of securities rated at AAA and AA+ (domestic long term) by …PageEnabling legislation
… Act 1993 on 1 December 2011, following the enactment of the Local Government Borrowing Act 2011. The Local …PageWeekly pricing update
… plus current borrowing yields and spreads fully inclusive of base lending and credit margins. … Weekly pricing update …PageSustainable Financing Bonds
… bonds that will be notionally allocated to a pool of Sustainable Loans that meet the eligibility criteria set …PageStakeholder survey
… need to do to ensure we continue to deliver a high level of service to our stakeholders. … Stakeholder survey …PageAbout LGFA
… was established to raise debt on behalf of local authorities on terms that are more favourable to …PageHealth & Safety
… individual case management and on-going monitoring of an employee’s progress to ensure the assistance and …PageFloating nominal amounts for security stock certificates
… nominal amounts disclosed exclude the nominal amounts of security stock with a floating nominal amount issued by …Page