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CBA story

Energy efficient loans in action

Energy efficient loans in action

Two local 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 local success stories:

Bankstown Sports Club

How do you cut emissions when you’re a community hub for over 60,000 members?

Bankstown Sports Club, first formed in 1958 and located in south-western Sydney, accessed financing provided by the CEFC and Commonwealth Bank to upgrade its chiller systems, making them 50 per cent more efficient. 

The change means the club will save over 6.6 per cent on energy costs, and reduce its annual carbon emissions by over 700 tonnes per year. The club is also installing solar panels at its Baulkham Hills premises, which will reduce its energy needs by around ten per cent. 

Col Crawford Motors

How can you reduce energy consumption when you need your cars to be sparkling clean? 

Family business Col Crawford Motors, who has been proudly owned and operated on Sydney’s Northern Beaches for three generations, took a creative approach. Col Crawford Motors installed 1,000 solar panels, including a solar car park shading structure and over 1,000 LED lights. 

Funds from the CEFC and Commonwealth Bank provided for the new installations, which provide annual electricity savings equivalent to the amount of energy required to power 200 houses.

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.