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Author: Reshma vallabhaneni

IS Essentials Information Session – 23 March 2023

Posted on by Reshma vallabhaneni

Watch our latest recording of the IS Information Session our rating tool – IS Essentials, which can be applied to measure sustainability and quadruple bottom line performance of Infrastructure Projects and Assets under $100 million. During the session, We explore how the IS Ratings Work, the benefits, the pilot phase and how to join. The session will focus on the benefits of IS Essentials, the implementation and engagement with IS Essentials on your project/asset and how to get involved as a Pioneer Partner.

Speakers for our webinar include:

  • Monique Isenheim, Head of Market Development – Infrastructure Sustainability Council
  • Tom Young, Regional Lead – Infrastructure Sustainability Council
  • Tyrel Momberg, Principal Technical Advisor – Infrastructure Sustainability Council

For ISAP’s interested in watching the Base Case Webinar, click here to access the recording

To access the Webinar Presentation, click here

IS Ratings for ESG & Sustainable Finance

Posted on by Reshma vallabhaneni

Watch our latest sustainable finance, recorded on March 14, 2023 and  hear the latest news and updates from the ISC Team. In the session our teams cover: IS Ratings Scheme – Get an update on recent IS Ratings, performance benchmarks, materiality assessment and the base case.  IS ratings for ESG & sustainable finance.

To access the Webinar, click here.

Reliance Rail Refinancing

Posted on by Reshma vallabhaneni

21-year A$1.8b green sustainability-linked loan tied to IS Operations rating

In March 2022, Reliance Rail secured a $1.8b green sustainability-linked loan tied to an IS Operations rating.

Reliance Rail is a public-private partnership (PPP) with the NSW Government, established in 2006 to deliver the Waratah train fleet and 30 years of maintenance. There were no contractual requirements to improve sustainability or obtain an IS rating.

Green Sustainability-Linked Loan (GSLL)

Reliance Rail, under the leadership of its CFO Louise Iida, secured the first sustainability-linked instrument for an Australian PPP and one of the first loans in Australia to be both green-certified and sustainability-linked. BNP Paribas, Commonwealth Bank of Australia (CBA) and National Australia Bank acted as joint sustainability coordinators. Sustainability performance targets (SPTs) over an initial 10-year period including IS Operations rating score is the most significant metric. Other metrics included the energy intensity of the trains and maintenance facility, solar PV generation and operational water intensity. Potential margin savings are available for 10 years, with a significant incentive to improve rating scores as early as possible.

Read the detailed case study here