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Newcastle Herald
Newcastle Herald
National
Ian Kirkwood

Port of Newcastle confirms its financing is tied to moving away from coal

Port of Newcastle Coal NAB David Jenkins Newcastle Herald
Nick Livesey, chief commercial officer with the Port of Newcastle, addresses the GreenPort Congress Oceania at Wests Newcastle today. Picture courtesy of Port of Newcastle

ENVIRONMENTAL, social and governance (ESG) requirements would expand from finance for "the big end of town" into everyday mortgage lending for commercial and residential property, the GreenPort Congress Oceania at Wests Newcastle heard today.

David Jenkins, the National Australia Bank's global head of sustainable financing, told the second day of the conference that ESG issues were embedded into relations between the Port of Newcastle and its financing consortium, led by NAB.

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