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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 … business practice, while having regard to the interests of the community and by exhibiting a sense of social and … 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 …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 …PageBoard of Directors
… independent and non-independent directors, the majority of which are required to be independent directors appointed … is responsible for the strategic direction and control of LGFA’s activities. The Board guides and monitors the … LGFA Shareholder Agreement; LGFA Annual Statement of Intent. The names, positions, qualifications and experience …PageSustainable Financing Bonds
… and manage sustainable financing bonds, the net proceeds of which will be notionally allocated to a pool of Sustainable Loans (the pool may comprise either Green and … Loans are loans made by LGFA that help create alignment of LGFA’s lending activities with social and environmental …PageLocal Government Sector Climate Scenarios
… Funding Agency (LGFA) proudly supports the creation of climate scenarios designed specifically for the local … local government sector to build a shared understanding of how climate change could impact their ability to deliver … services to communities over time is an important part of this work. As the sponsor of these sector climate …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 …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 …PageGreen and Social Loans
… than minimum benchmarks, where available. The process of applying for GS Loan approval can be found in the Green … a GS Loan. Criteria and Application Form Past Versions of Lending Programme Criteria Nick Howell – Head of Sustainability Tel: + 64 21 227 3738 Email: …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. …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 …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. …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 …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 …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. …PageClimate Action Loans
… a CAL. Criteria and Application Form Past Versions of Lending Programme Criteria Nick Howell – Head of Sustainability Tel: + 64 21 227 3738 Email: …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 …PageStakeholder survey
… need to do to ensure we continue to deliver a high level of service to our stakeholders. …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