Clean Energy Finance Corporation
The Clean Energy Finance Corporation (CEFC) invests to lead the market, operating with commercial rigour to address some of Australia’s toughest emissions challenges - in agriculture, energy generation and storage, infrastructure, property, transport and waste. We also back Australia’s cleantech entrepreneurs through the Clean Energy Innovation Fund. We invest with co-financiers to develop new sources of capital for the clean energy sector, including climate bonds, equity, aggregation facilities and other financial solutions. In investing $10 billion on behalf of the Australian Government, we work to deliver a positive return for taxpayers across our portfolio.
“The certification process provides first-hand experience that helps us support other organisations working to reduce their emissions.”
Type of certification
How long have you been certified carbon neutral?
The CEFC has been a carbon neutral organisation since 2017.
Why are you carbon neutral?
The CEFC invests in other businesses and projects with an expectation that they will either directly reduce their own carbon emissions or contribute to a reduction in emissions across the economy. It is important that we demonstrate our own commitment to reducing emissions associated with our business activities. Achieving carbon neutrality validates this commitment and sets an example to the broader community. It enhances the work we are doing to facilitate Australia’s sustainable transition to a low carbon economy.
What are the benefits of your carbon neutral certification?
The certification process provides first-hand experience that helps us support other organisations working to reduce their emissions. Our path to carbon neutrality includes a focus on energy efficiency and other emissions reduction initiatives which reduce our energy and travel bills and enhance staff engagement. Reflecting our unique role in the market, the CEFC works to raise awareness of sustainable business practices through our investments and external engagement activities.
What offset projects do you support?
The CEFC offsets support the Erskine Park Landfill Gas Project. The Cleanaway facility in Sydney captures and destroys landfill gas, while producing fuel for the kiln at a neighbouring brickworks.
We also support the University Drive Landfill Gas Project in Bundaberg. The project, operated by Landfill Gas Industries, upgrades an existing landfill gas collection system to capture and combust gas generated from legacy and non-legacy waste.
Why did you choose these projects?
The CEFC has provided corporate finance to both Cleanaway and LGI and as a result of those commitments has a solid understanding of how these organisations work to reduce emissions. In 2017, we committed corporate finance to Cleanaway to accelerate its best practice sustainable waste management activities with an array of projects including the resource recovery centre at Erskine Park in Sydney. In 2015, we committed corporate finance to LGI to facilitate upgrades to landfill gas capture, combustion and electricity generation systems, supporting a number of projects in Queensland, including at Willawong, Dakabin, Maryborough, Gladstone and Bundaberg.
What else are you doing to reduce emissions?
The CEFC’s investments are directed towards emissions reduction and the promotion of clean energy technologies and practices that support reduced energy use and lower emissions.
On a day-to-day operational basis, we have a range of measures in place to reduce emissions. A CEFC ‘green team’ continues to investigate and identify opportunities to further minimise the impact of business operations. Initiatives have included improvement of waste management practices such as facilitating the recycling of organic waste, mobile phones and batteries.
The CEFC is active in tackling transport-related emissions, providing end of trip facilities for staff and providing video conferencing facilities to reduce travel.
The CEFC is also continuing engagement with facilities management to encourage the implementation of a NABERS’ Tenancy Co-Assess rating for the CEFC on our premises.