Green Bond Fact Sheet

Macquarie Group
Date:14-Jun-2018
Issue date: 13-Jun-2018 Maturity date: 13-Jun-2023 Tenor: 5 (longest dated tranche)
Issuer Name

Macquarie Group

Amount Issued

GBP500m (USD334m)

Country of risk

Australia

CBI Database

Included

Issuer Type1

Loan

Bond TypeGreen Revolving Facility,
Green Term Facility

Green Bond Framework

Link to Framework

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☒ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☒ Bioenergy☒ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☒ Electric vehicles☒ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☒ Energy performance☐ Transport logistics☒ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☒ Waste management☒ Recycling☐ Waste prevention☐ Pollution control☒ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

The issuer will publish a Green Financial Report on an annual basis, which will include
information on proceed allocation and impact indicators for each eligibility category.
The report will be available on Macquarie’s website.

Company information

Macquarie Group is a Sydney-based global financial group with a presence across
25 countries and assets under management of $A496.7 billion (as at 31 March2018). Macquarie’s key activities include asset management and finance, banking,advisory and risk and capital solutions across debt, equity and commodities.

Firsts, records andcertificationsFirst green loan tranches from an Australian issuer.

Proceeds description

The loan includes two GBP250m green tranches with a 3 and 5-year tenor,
structured as revolving and term facilities respectively. Proceeds from the tranches
will be allocated to: i) renewable energy (solar, wind, tidal, sustainable biomass), ii)
waste management (recycling, solid waste incineration, organic waste treatment,
power generation, landfill gas collection), iii) clean transportation, and iv) green
buildings with at least a GBCA 6 star, BREEAM Excellent, LEED Gold certification oran equivalent regional standard. Investments in technology, products or systems
which enhance the energy performance of assets within these categories are also
eligible. Projects directly related to fossil fuels, nuclear and biomass suitable forfood production are explicitly excluded from the Green Bond Framework.
The issuer has stated that it intends to use the impact assessment methodology
developed by its Green Investment Group and outlined in its Green Investment
Handbook.

Climate Bonds view

The list of indicators that will be used in the issuer’s Impact Report includes“additional energy saving or operational performance data” under the green
building category. This will provide more transparency around the actual
environmental sustainability and mitigation benefits of the financed projects.
For waste-related projects, we are starting to see the need for more information toensure that the financed projects and assets are compliant with a low-carbon
transition. In this case, for instance, we would like to see details related to landfill
gas collection projects to ensure that this process is not used to extend the lifetimeof a landfill facility. Climate Bonds is in the process of developing more stringent
eligibility requirements for including waste-related bonds in its database.

> Climate Bonds criteria for recycling and waste management are underdevelopment.
Underwriters

HSBC, ING, Bank of China

Deal comments
Credit Rating
Pricing summary
Investors summary

1

Strong demand for the loan came from global financial institutions, particularly inAsia.

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign