Investor Interest in Sustainable Investment
Our investors recognise the importance of environmental, social and governance (ESG) factors in assessing risks and value as part of their investment considerations. They are very much focussed on the State’s ESG credentials and commitment to the Paris agreement objective to achieve net zero greenhouse gas emissions by 2050.
At WATC, we are currently working with our clients and investors to implement a sustainability bond framework to finance client initiatives that meet internationally recognised ESG standards. The framework will complement the Western Australian Government’s ongoing efforts to improve ESG outcomes for the State and progress global objectives and the United Nations’ Sustainable Development Goals.
Subject to final approvals and funding requirements, we will be in a position to issue the State’s first green or sustainable bond during 2023.
As a Western Australian State Government Agency managing the State’s financial assets and liabilities, we have a strong internal and external governance framework. Our external governance framework is embedded in legislation, including Ministerial and Parliamentary oversight, and outlines our key functions and activities we can legally perform. Internally we have a Board-approved risk management and compliance framework that, together with our corporate governance and organisational systems and processes ensures good governance.