Sustainable Business and Finance: Green initiatives make sense
NZGIF’s recent deal with bus fleet and battery storage specialist Zenobē is especially promising. Photo / Supplied
It’s almost three years since New Zealand Green Investment Finance (NZGIF) was formed and given the task of accelerating investments that can help reduce greenhouse gases.
NZGIF chief executive Craig Weise says he is pleased with the portfolio the bank has built in that time and its ability to highlight the economics and viability of low-carbon finance.
It has also established its flexibility to move in ways many traditional finance organizations cannot.
In the short time since the NZGIF was formed, much has happened to move sustainability to the forefront.
“The policy environment has matured,” says Weise. “Consumer demand has played a role.
Corporate leadership has played a role. All these factors are precursors to raising the bar and accelerating investment.
“We still haven’t seen what we really need, which is a huge