{"id":10205,"date":"2023-07-31T09:18:15","date_gmt":"2023-07-31T09:18:15","guid":{"rendered":"https:\/\/cfp.nl\/?p=10205"},"modified":"2023-07-31T09:55:08","modified_gmt":"2023-07-31T09:55:08","slug":"cfp-partners-with-commonwealthbank-australia-to-help-commercial-building-owners-accelerate-the-transition-to-net-zero","status":"publish","type":"post","link":"https:\/\/cfp.nl\/en\/news-and-cases\/cfp-partners-with-commonwealthbank-australia-to-help-commercial-building-owners-accelerate-the-transition-to-net-zero\/","title":{"rendered":"CFP partners with CommonwealthBank Australia to help commercial building owners accelerate the\u00a0transition\u00a0to\u00a0Net Zero"},"content":{"rendered":"\n

We have partnered with Commonwealth Bank<\/a> Australia to help commercial property customers identify and implement meaningful, strategic actions to improve the environmental outcomes of their building operations through our Green Buildings Tool. Commonwealth Bank is the first Australian bank to offer an interactive digital tool to help commercial property customers define a sustainability strategy and identify energy efficient investments to progress their net zero transition.<\/strong><\/p>\n\n\n\n

The shift to a low carbon economy<\/h3>\n\n\n\n

On 5 May 2023,\u00a0the Australian Government announced it would legislate a new national Net Zero Authority<\/a>. Commercial buildings account for 24% [1] of Australia\u2019s national electricity consumption and 10% of national greenhouse gas production, presenting a strong opportunity for national emissions reduction. For the past 18 years, we have been helping commercial property owners in Europe and UK to make their properties greener, with more than 1,500,000 buildings in Europe analysed each year. Commonwealth Bank and CFP, with the support of NABERS<\/a> and the Green Building Council of Australia <\/a>(GBCA), are proudly bringing the Green Buildings Tool <\/a>to Australia.

Grant Cairns, Executive General Manager Business Lending at CommBank, said: \u201cIt\u2019s clear that property owners have a strong interest in sustainability, but many face an uphill climb to understand the environmental impact of the buildings they own, let alone what property upgrades can really move the needle on making their buildings more sustainable. Our Green Buildings Tool will provide our customers with initial insights into their building\u2019s estimated emissions profile and potential decarbonising actions free of charge<\/em>.”<\/p>\n\n\n\n

He continues: \u201cExcitingly, expert advice shows that simple upgrades like LED lighting and intelligent building management systems (IBMS) systems can meaningfully reduce a property\u2019s carbon footprint while improving energy efficiency. This, in turn, can reduce operating costs, making sustainability upgrades economically attractive and accretive to property value. We know from market research that Green buildings tend to have higher occupancy rates, higher rents and longer lease terms.<\/em>“<\/p>\n\n\n\n

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\u201cAs the leading business bank in Australia, we want to bring new insights to both existing and new-to-bank customers and support the property sector in navigating the transition to net zero,\u201d Mr Cairns said.<\/p>\n– Grant Cairns, Executive General Manager Business Lending at CommBank<\/em><\/cite><\/blockquote>\n\n\n\n

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A data-driven approach for massive carbon reduction<\/h3>\n\n\n\n

The interactive digital tool uses a data-driven approach to allow commercial property customers to understand their building\u2019s baseline emissions footprint and provides insights about the potential decarbonisation impact of retrofitting. The tool also estimates the scope of investments required to achieve a National Australian Built Environment Rating System (NABERS) Energy rating improvement and energy cost savings.<\/p>\n\n\n\n

The CommBank Green Buildings Tool allows customers to input building information and estimate:<\/p>\n\n\n\n