FleetPartners has announced the completion of its tenth Australian Asset-Backed Securitisation (ABS), a green ABS tranche that supports the transition to lower-emission vehicles, reinforcing the company’s commitment to supporting the decarbonisation pathway.
The Core ESG Action
FleetPartners has issued an A$400 million Australian Asset-Backed Securitisation (ABS), aligned with the International Capital Market Association’s Green Bond Principles, to support the transition to lower-emission vehicles. This move brings FleetPartners’ total ABS issuance to approximately A$4.4 billion, demonstrating ongoing confidence in its ABS programme.
Main ESG Themes and Risks/Impacts
The green ABS tranche reinforces FleetPartners’ commitment to supporting the transition to lower-emission vehicles, which aligns with its ESG strategy. The company’s focus on low-emission products is expected to have a positive impact on environmental sustainability. However, there are risks associated with the use of electric vehicles, including the potential for battery waste and emissions from charging infrastructure.
Governance and Regulatory Alignment
FleetPartners’ ESG oversight is ensured by the company’s Board, which is responsible for communication with ASX in relation to Listing Rule matters. The company has also been certified as a “Climate Bond” by the Climate Bonds Initiative, the globally recognised authority on climate bonds, and aligned its ABS tranche with the International Capital Market Association’s Green Bond Principles.
Forward-Looking Commitments
FleetPartners’ commitment to supporting the transition to lower-emission vehicles is expected to continue, with the company looking to expand its sustainability initiatives in the future. The company has also stated that it aims to provide additional opportunities for investors with ESG-focused mandates, highlighting its dedication to responsible investing.