This page contains New Zealand Debt Management publications relating to the New Zealand Sovereign Green Bond Programme.
New Zealand Sovereign Green Bond Framework
The New Zealand Sovereign Green Bond Framework provides the foundation to the New Zealand Sovereign Green Bond Programme. It outlines the Government’s climate and environmental priorities and sets the basis for identifying, evaluating, selecting and reporting on expenditures included in the Programme. The Framework also outlines the governance and operational requirements of the Programme.
Second Party Opinion
A Second Party Opinion (SPO), an independent review of the Framework, provides investors with assurance that the Framework is aligned to accepted market practices.
Green Bond Eligible Expenditure Pool
Climate or environmental related expenditure which meets the Green Bond Framework eligibility criteria and has been approved to be included in the Green Bond Programme.
| Green Categories |
2021/22 ($m) |
2022/23 ($m) |
2023/24 ($m) |
2024/25 ($m) |
2025/26 ($m) |
Total ($m) | Share (%) |
|---|---|---|---|---|---|---|---|
| Clean Transport | $723.9 | $1,007.3 | $1,137.4 | $475.6 | $312.3 | $3,656.5 | 39.4 |
| Energy Efficiency and Renewable Energy | $121.0 | $212.7 | $422.7 | $308.4 | $336.4 | $1,401.2 | 15.1 |
| Green Buildings | $48.0 | $82.0 | $233.0 | $180.0 | $26.0 | $569.0 | 6.1 |
| Living and Natural Resources and Land Use | $22.0 | $22.5 | $26.2 | $26.5 | $22.1 | $119.3 | 1.3 |
| Terrestrial and Aquatic Biodiversity | $426.9 | $477.0 | $519.4 | $482.4 | $409.0 | $2,314.7 | 24.9 |
| Climate Change Adaptation | $71.4 | $95.4 | $132.2 | $110.6 | $113.2 | $522.8 | 5.7 |
| Sustainable Water and Wastewater Management | $281.6 | $106.2 | $101.3 | $32.0 | - | $521.1 | 5.6 |
| Pollution Prevention and Control | $25.0 | $22.6 | $51.1 | $39.0 | $35.7 | $173.4 | 1.9 |
| Total | $1,719.8 | $2,025.7 | $2,623.3 | $1,654.5 | $1,254.7 | $9,278.0 | 100 |
*Actual and forecast data as at 31 March 2023
*Includes Budget 2023 expenditures
New Zealand Sovereign Green Bond Investor Presentation
View the New Zealand Sovereign Green Bond Investor Presentation.