Understanding Australian Infrastructure Carbon Reduction Initiative 2 Understanding Australian Infrastructure Carbon Red | Page 11

"More and more investors are talking to us about climate resilience and how NAB can support the
capacity of the financial sector to better support investments in climate-resilient and green infrastructure.
The 2019 GIIO report is an essential tool for our industry because it provides a snapshot of the many
projects that governments, policy, makers and investors can direct capital towards."
Lyn Cobley, Chief Executive Westpac Institutional Bank:
“Westpac recognises the transition to a net zero emissions economy cannot be achieved without the
active support of major financial system actors. Banks, insurance companies and superannuation funds
all have a vital role in ensuring investment flows towards the green infrastructure that will help reach this
goal. Accelerating green finance, including green bonds, green loans and green underwriting is
increasingly the market mechanism to support this transition.”
Sean Kidney, CEO, Climate Bonds Initiative:
“Australia has both the opportunity and the capital to meet its green infrastructure challenges and create
a climate-ready, resilient and robust economy, fit for the future. Investing in low carbon transition will
create jobs, boost economic growth and help Australia meet its international obligations.”