Success stories

Investment NSW supported clean energy producer Neoen to build solar power plants in NSW in 2012 by connecting the company with potential partners and providing domestic clean energy market information. With $500 million in investments, Neoen has successfully built five solar farms in NSW and is looking to expand with new solar and wind projects in NSW. 

The Sustainability Bond Program is a strong example of how the NSW Government enables and participates in sustainable finance. With $9.2bn issued across 4 bonds since inception in 2018, the SBP is a primary mechanism for investors to allocate capital to contribute to NSW Government's sustainability agenda. The proceeds fund a range of sustainability projects such as low carbon transport, sustainable water and wastewater services, affordable housing and access to essential services.

The NSW government has committed from the 2024-25 financial year to disclosing climate-related risks and opportunities impacting NSW government agencies, businesses and universities, and their approach to managing the impacts of these matters. In 2022, three NSW entities completed pilot organisation-level disclosures, using the NSW Climate Risk Ready Guide and in alignment the widely adopted Taskforce on Climate-related Financial Disclosures (TCFD) framework. These early adopters (Environment Protection Authority, National Parks and Wildlife Services and Essential Energy) were among the first public sector disclosure examples in Australia and internationally.

Climate related reporting demonstrates transparency and accountability over an entity’s exposure to and management of climate related risks, and provides credible information for investors, policy makers and the community to support decision making. Through leading by example, NSW government’s delivery of disclosures will provide greater transparency on how the government is managing climate related risks and opportunities, attract investment and capital flows to support government climate-related objectives, and drive the actions on climate change and related accountability across the NSW public sector.

In line with NSW Government's target to transition to net zero, TCorp is committed to integrating climate change to build sustainable and resilient portfolios. They have reduced the carbon footprint of their portfolios and implemented the MSCI World Low Carbon Leaders Index as a performance benchmark. In addition, under their Stewardship framework they integrate ESG factors like climate change, diversity and inclusion into their investment decision making process and practice active ownership by encouraging companies they invest in to operate responsibly and sustainably.

The NSW government has committed from the 2024-25 financial year to disclosing climate-related risks and opportunities impacting NSW government agencies, businesses and universities, and their approach to managing the impacts of these matters. In 2022, three NSW entities completed pilot organisation-level disclosures, using the NSW Climate Risk Ready Guide and in alignment the widely adopted Taskforce on Climate-related Financial Disclosures (TCFD) framework. These early adopters (Environment Protection Authority, National Parks and Wildlife Services and Essential Energy) were among the first public sector disclosure examples in Australia and internationally.

Climate related reporting demonstrates transparency and accountability over an entity’s exposure to and management of climate related risks, and provides credible information for investors, policy makers and the community to support decision making. Through leading by example, NSW government’s delivery of disclosures will provide greater transparency on how the government is managing climate related risks and opportunities, attract investment and capital flows to support government climate-related objectives, and drive the actions on climate change and related accountability across the NSW public sector.

The Sustainability Bond Program is a strong example of how the NSW Government enables and participates in sustainable finance. With $9.2bn issued across 4 bonds since inception in 2018, the SBP is a primary mechanism for investors to allocate capital to contribute to NSW Government's sustainability agenda. The proceeds fund a range of sustainability projects such as low carbon transport, sustainable water and wastewater services, affordable housing and access to essential services.

In line with NSW Government's target to transition to net zero, TCorp is committed to integrating climate change to build sustainable and resilient portfolios. They have reduced the carbon footprint of their portfolios and implemented the MSCI World Low Carbon Leaders Index as a performance benchmark. In addition, under their Stewardship framework they integrate ESG factors like climate change, diversity and inclusion into their investment decision making process and practice active ownership by encouraging companies they invest in to operate responsibly and sustainably.

The NSW Reconstruction Authority (RA) was established in response to recent disasters that NSW has experienced since 2019, to proactively reduce the impact of future disasters across NSW and to help communities recover from them faster. Example of RA projects that improve community resilience and reduce disaster risk from natural hazards include the projects in the Northern Rivers and Hawkesbury-Nepean Valley.