Read South Australia's Sustainable Development Commitments here....

SAFA’s Environmental and Social Commitments

SAFA understands the requirement for its investors to be able to assess its sustainable credentials, and the extent that SAFA’s borrowing program funds sustainable outcomes within the State of South Australia.

SAFA is a government authority, established under the Government Financing Authority Act 1982, as the central borrowing authority for the State of South Australia.  It is with pleasure that I am able to highlight some of the State’s initiatives to address climate change and improve socio-economic outcomes for its community.  SAFA’s annual borrowing program supports these initiatives.

The State is well positioned to respond to climate change and is systematically identifying and managing climate-related risk across its assets, operations and activities.  The State has also positioned itself to harness the opportunities that its geography, coupled with climate change, brings.

The information presented here represents the beginning of SAFA’s journey toward adopting best practice management and disclosure of material climate-related risk and opportunities.

David Reynolds

Under Treasurer
Chair, SAFA Advisory Board

South Australia is well positioned to respond to climate change.  Legislation supports the transition toward a net zero emissions economy, and various policies and programs are in place to mitigate the worst impacts of climate change.  The State has also positioned itself to harness the opportunities that its geography coupled with climate change brings.  The State is a world leader in renewable energy and is systematically identifying and managing climate risk and opportunity across its assets, operations and activities.

South Australia has a statewide goal to reduce greenhouse gas emissions by more than 50% below 2005 levels by 2030 and achieve net zero emissions by 2050.

The Climate Change and Greenhouse Emissions Reduction Act 2007 made South Australia the first Australian state to legislate targets to reduce greenhouse emissions.

The State reports progress against legislated targets biennially.  Net emissions in South Australia declined by 33% between 2005 and 2018-19.

South Australia – Responding to Climate Change outlines the priority actions that the South Australian Government will be focussing on in the near term to build a strong, net zero emissions future and adapt to climate change.

These priority actions build upon a strong foundation of existing government action to address climate change mitigation and adaptation. To find out more see South Australian Climate Change Actions.

The State is also continuing to build on a long and proud history of supporting socioeconomic advancement and empowerment of its citizens through continued significant investments to reform social housing, education, skills and training, health and well-being.

The State participates in significant international commitments to drive global emission reduction and respond to climate change, including:

  • Under2 Coalition, which is a global network of more than 270 governments committed to achieving net zero emissions by 2050 at the latest
  • UNFCCC's Compact of States and Regions, which comprises leading state and regional governments committed to ambitious emission reduction targets
  • Regions4, which brings together regional governments from 21 countries to build capacity and exchange knowledge on biodiversity, climate change and sustainable development
  • Net Zero Policy Forum, which is an international collaboration of subnational jurisdictions working together on practical policy solutions.

As an organisation SAFA is committed to making a contribution to shaping a more sustainable future and its inaugural Sustainability Report is now available.