The lowest advertised floating rate for a green loan is now on offer
ANZ Bank New Zealand is now offering business customers the lowest advertised floating rate in the market for a green loan.
ANZ’s Business Green Loan, the only advertised green loan product in the market available to business customers and linked to the Green Loan Principles, offers eligible customers a special floating rate of 3.85% pa, which is a 1.5% discount on the current floating base rate.
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Business customers can borrow up to $3 million at the special floating rate and refinance existing business loans that meet the ANZ Business Green Loan eligibility criteria, to fund initiatives that support energy efficiency, renewable energy, sustainable land and water use, and the building, and renovating, or purchasing of green buildings.
“Whether meeting changing consumer preferences or regulatory requirements, reducing emissions or increasing efficiency, sustainability is integral to the way our customers will have to operate in the future,” said Antonia Watson, ANZ New Zealand CEO. “An important part of our role at ANZ is to support this shift. We’ve led the way with sustainable finance for our Institutional customers and we’re proud to now offer a Business Green Loan to support more businesses wanting to invest in sustainable practices.”
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“Privately owned businesses are the backbone of our economy; we wanted to tailor this loan in a way that supports their sustainability ambitions – no matter how big or small,” said Lorraine Mapu, ANZ New Zealand business banking managing director. “As with any investment, making your business more sustainable comes with a cost. We want to remove some of that cost barrier and, by doing so, help customers see the benefits sooner.”
The ANZ Business Green Loan will also support agri-business customers looking to diversify and future-proof their operations.
“Many of our agri customers have invested in upgrading farming systems to preserve water quality and are now looking to how they can enhance biodiversity and considering carbon sequestration through planting,” Mapu said. “This loan supports those ambitions. Acting on sustainability brings wider business benefits through staff and stakeholder engagement; together with a positive impact on the environment. We hope an ANZ Business Green Loan will add to the sustainability story of our customers.”
