LGFA aims to be a key contributor to the local government sector’s investment in green projects and to contribute to the transition to a low-carbon society.
LGFA were the first New Zealand financial institution to incentivise climate friendly projects by councils through offering green loans at reduced interest cost to the local government sector when they invest in climate friendly projects.
LGFA’s view is that integrated environmental consideration is a prerequisite for long-term value creation. Structured environmental work therefore forms a natural part of the business, where LGFA takes responsibility for contributing to long-term sustainable development and seeks to minimise its environmental impact. Through continuous development of the environmental work, and taking into consideration social and technical developments, LGFA shall actively work to minimise its direct environmental impact. By taking environmental issues into consideration in lending, funding and investment activities, LGFA can also manage its indirect environmental impact. Given the small size of LGFA staff and operations, these indirect environmental impacts far outweigh our direct environmental impact.