Mainstream Online Web Portal

Investors can view their accounts online via a secure web portal. After registering, you can access your account balances, periodical statements, tax statements, transaction histories and distribution statements / details.
Advisers will also have access to view their clients’ accounts online via the secure web portal.

Where fixed income can make an impact

August 26, 2026

Through investment in WATC green bonds, Pendal is supporting projects that protect WA’s natural assets while funding practical climate and infrastructure solutions

  • Protecting forests, wetlands and rangelands
  • Funding renewable energy and adaptation
  • Find out more about Pendal’s Responsible Investing capabilities 

REGNAN Credit Impact Trust and Pendal Sustainable Australian Fixed Interest Fund are invested in two Western Australia Treasury Corporation (WATC) green bonds.

The first WATC green bond finances renewable energy, clean transport and water infrastructure.

The second WATC green bond, which launched in 2026, continues to support these categories, with the additional inclusion of projects explicitly linked to environmental resilience outcomes[1].

These resilience focused allocations include projects supporting natural capital.

This includes the addition of approximately 6.5 million hectares1 to Western Australia’s conservation estate, providing protection across wetlands, rangelands, forests, marine environments and areas of threatened flora and fauna.

A number of these reserves are jointly managed with Traditional Owners, supporting employment, training and economic participation in regional and remote areas of Western Australia.

The bond framework also permits funding aligned with the Forest Management Plan for the South West, covering approximately 2.4 million hectares1 of predominantly native forest managed for long-term forest health and resilience.

This represents a shift away from large-scale native timber logging and includes protections for at least 400,000 hectares1 of karri, jarrah and wandoo forest, alongside new forest and fire research programs and expanded recreation opportunities.

Following the cessation of native forest logging, eligible projects also include the expansion of softwood plantation estates, supporting long-term timber supply and reducing pressure on native forests.

Alongside these natural capital-related investments, the bond continues to support the same categories as the prior WATC green bond.

This includes renewable energy such as wind farms and school solar programs, energy efficiency through large-scale battery projects, and climate change adaptation measures, including a desalination facility powered by renewable energy.


[1] Sustainable Bond Program Allocation and Impact Report

Find out about

Pendal Sustainable
Australian Fixed Interest Fund

About George Bishay and Pendal

George Bishay is Pendal’s head of credit and sustainable strategies. George’s investment management career spans over 30 years with Pendal and its predecessor firms.

He has also worked across numerous fixed income, credit and money market portfolios in portfolio management, credit analysis and dealing roles for 27 years.

In 2019 George was awarded the Alpha Manager status by Money Management publisher FE fundinfo.

Find out more about Pendal’s fixed interest strategies here

Pendal is an Australia-based investment management business focused on delivering superior returns for our clients through active management.

Contact a Pendal key account manager here


This report has been prepared by Pendal Fund Services Limited (PFSL) ABN 13 161 249 332, AFSL 431426.

It is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider whether the information is suitable for your circumstances and we recommend that you seek professional advice.

The product disclosure statement (PDS) for the Regnan Credit Impact Trust (Trust) and Pendal Sustainable Australian Fixed Interest Fund (Fund), issued by PFSL, should be considered before deciding whether to acquire, dispose, or hold units in the Trust or Fund. The PDS and Target Market Determination can be obtained by calling 1300 346 821 or visiting our website www.pendalgroup.com.

This report may contain information contributed or prepared by third parties. Any information contributed or prepared by third parties is believed to be accurate as at the time of compilation and is being provided in good faith without independent verification. PFSL does not warrant the accuracy or completeness of any information provided by a third party.

To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. No company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of any fund or the return of an investor’s capital. All investing involves risk including the possible loss of principal.

Keep updated
Sign up to receive the latest news and views