Aliro Group secures $700m Sustainability Linked Loan (SLL) for AGIV

Aliro Group has solidified its position as a leader in sustainability within Australia’s industrial sector by completing its first Sustainability Linked Loan (SLL).

The $700m conversion was completed by the Aliro Group Industrial Vehicle (AGIV) under a newly established Sustainability-Linked Financing Framework, showcasing the company’s commitment to delivering on its environmental, social and governance (ESG) objectives.

The loan was syndicated by Aliro’s valued lending partners ING, Credit Agricole, CBA, and Westpac, with ING acting as Sustainability Coordinator.

Aliro Group’s Managing Director and CEO, Daniel Wise, emphasised the significance of this milestone, noting, “following our recent recognition as a Sector Leader in the 2024 GRESB Assessment, this landmark transaction is further evidence of our commitment to embedding ESG into everything we do. By aligning our financial performance with pre-defined sustainability targets, we hold ourselves accountable for delivering on our commitments and integrating ESG into every aspect of our operations.”

The SLL is tied to three key performance indicators (KPIs), which relate to installing solar PV, uptake of green leases, and green building ratings. Aligning the SLL to these KPIs reinforces AGIV’s commitment to delivering Green Star-rated buildings powered by on-site renewable energy sources. Additionally, it reflects Aliro’s proactive approach to collaborating with tenants to improve asset performance and sustainability outcomes.

The new loan facility aligns with the four pillars of Aliro Group’s ESG Strategy (resilient assets, people and partnerships, responsible business, sustainable design) and is linked to internationally recognised independent reporting standards, ensuring enhanced transparency and accountability.

For more information, contact Jarrah Dowd, Fund Manager jdowd@aliro.com.au or James Cahill, Senior ESG Manager jcahill@aliro.com.au