Australian retail chain Woolworths Group is aiming to further reduce its environmental impact by becoming the first supermarket to issue green bonds certified by the Climate Bonds Initiative (CBI).

Projects that could be supported by the Bonds include the implementation of energy efficiency initiatives such as the installation of solar panels on the roofs of Woolworths Group stores and distribution centres or the development of low carbon supermarkets.

Sean Kidney, CEO of the Climate Bonds Initiative said; “Purpose-driven investors now have a further opportunity to put their money to work in mitigating long term environmental and carbon risks. As a result of Woolworths’ commitment in this space, we have developed a global low-carbon buildings criteria for supermarkets, applicable in multiple jurisdictions. We hope their leadership will encourage other companies, both ASX listed and more widely, to invest further in projects and assets that deliver positive environmental and climate outcomes while also contributing to the development of green finance and Green Bond markets.”

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