A commitment to assist councils and council-controlled organisations finance projects that promote environmental and social wellbeing in New Zealand
LGFA recognises the risks inherent in climate change for both New Zealand 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 the United Nations' Sustainable Development Goals (UN SDGs) and helping its member councils and council-controlled organisations (CCOs) to build a stronger and more resilient society.
To help achieve these goals, LGFA lends funds to Councils and CCOs at a discounted margin to enable them to undertake green, social and/or sustainability (GSS) projects that will help drive forward ambitious climate, environmental and social projects in the New Zealand local government sector (GSS Loans).
As a council-controlled organisation under the Local Government Act 2002, LGFA is required to demonstrate social and environmental responsibility. Through its lending to its councils, LGFA acknowledges the importance of providing green, social or sustainability finance to its councils by financing projects that promote environmental and social wellbeing in New Zealand and progress the United Nations Sustainable Development Goals (UN SDGs) and which fund eligible ‘green’ and/or ‘social projects under specific principals, guidelines and standards.