Westpac NZ and Contact Energy have entered into a $50 million, four-year sustainability- linked loan facility, the first such loan issued by Westpac NZ and one of the first of its kind in New Zealand. Contact Energy will receive a discounted interest rate on the sustainability-linked loan if it meets ambitious targets linked to its environmental, social and governance (ESG) rating determined by the independent ratings agency RobecoSAM. Conversely, Contact will pay higher interest costs if it doesn't meet the rating targets agreed with Westpac.