Genesis extends its Sustainable Finance Programme

Today, Genesis Energy Limited (Genesis) announced the designation of its 2047 Capital Bond (GN040) as a Green Capital Bond aligned to the Green Bond Principles 2021 and the Climate Transition Finance Handbook as issued by the International Capital Markets Association effective from 28 January 2022. This brings the total green bonds on issue to $325 million. An amount equal to the proceeds from the Green Capital Bond will be notionally allocated to refinance qualifying renewable energy generation assets, including hydro-electricity and wind energy. Genesis also announced that it has converted a further $90 million of its revolving bank facilities with Bank of New Zealand and $60 million with MUFG Bank Ltd to sustainability linked loans, bringing the total loans linked to Genesis achieving its ambitious sustainability targets to $250 million. The targets include reductions across all scopes of emissions, ramping up renewable energy generation and a future of work programme. Genesis will pay a lower interest rate on the loan for achieving its goals but will have to pay higher interest if it falls short of its commitments. In November 2021, Genesis become the first company in New Zealand to have a Sustainable Finance Framework, loan and bond all aligned to the Climate Transition Finance Handbook. Genesis Acting Chief Financial Officer, Emma Oettli, said today's announcement is further evidence of the company's commitment to playing its role in the transition to a low carbon future. More information regarding Genesis' commitment to sustainability, can be found at https://www.genesisenergy.co.nz/investors/reports-and-presentations. For further information on Green Bonds and the Climate Transition Finance Handbook, visit: https://www.icmagroup.org/sustainable-finance/resource-centre/#Principles ENDS End CA:00386496 For:GNE Type:GENERAL Time:2022-01-28 08:30:08