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CBA story

Energy efficient loans in action

Energy efficient loans in action

Two manufacturing businesses use innovative financing to cut energy costs and reduce emissions.

Commonwealth Bank and the Clean Energy Finance Corporation (CEFC) have been working together since 2013, and through our joint loan programs we’ve helped many Australian businesses and not-for-profit organisations reduce their energy costs, upgrade equipment and invest in technology to improve efficiency and cut their carbon emissions.

Here are some manufacturing success stories:

Labelmakers: How green are the labels in your pantry?

Australia’s largest label manufacturer, Labelmakers, produces labels for many best loved products from Coca-cola, The Daily Juice Company, Milo, Vegemite, Nescafe, Heineken and Dettol across multiple sites in Australia and New Zealand.

Labelmakers invested in energy efficient label presses, with funding provided by the CEFC and Commonwealth Bank, that use half the energy of their previous equipment, reducing on-site carbon emissions by 14 per cent, as well as substantial savings of 14 per cent on energy costs and over $4 million through reduced paper wastage and solvent-based inks.   

Globo Roto-moulding: Making playgrounds more sustainable

Globo Roto-Moulding makes children’s playground equipment and water tanks as well as over 1,000 custom plastic products for industrial sectors from its plants in Victoria and Queensland.

Using the financing provided by the CEFC and Commonwealth Bank, Globo Roto-Moulding invested in new generation Steinhardt moulding ovens that can heat and cool plastic much quicker and reduce heat loss during manufacturing, meaning energy is used more efficiently.

The project is expected to reduce carbon emissions intensity by 47.9 per cent and save the company over $160,000 per year in energy costs.

Commonwealth Bank plays a crucial role in enabling innovation, economic and social development while supporting the transition to a low-carbon economy. We balance a commitment to responsible lending with operating sustainably to ensure we excel at securing the financial wellbeing of people, businesses and communities. 

Our corporate responsibility plan, Opportunity Initiatives, brings together all of Commonwealth Bank’s corporate responsibility initiatives and targets, under three themes of education, innovation and good business practice. For more information, visit our website.