ANZ has extended its $200 million funding program with the Clean Energy Finance Corporation (CEFC) to support ANZ business customers’ transition to net-zero emissions by 2050.
Under this program, ANZ and CEFC will each contribute 0.25% toward a 0.5% discount on their asset finance rate to eligible small to medium-sized business customers, for loans up to $5 million for eligible energy efficient-related assets and projects.
ANZ has been working with the CEFC for the past five years to help Australian businesses invest in emission reducing infrastructure that will be resilient to a changing climate. The partnership has also made available for the first time this year opportunities in the recycling sector.
“At ANZ we are supporting our customers to invest in their businesses and help them to transition towards a low-carbon economy,” said Isaac Rankin, ANZ managing director of commercial and private banking. “The program will help our customers invest in crucial assets to help them grow their business in a sustainable way. We are seeing many of our customers are changing the way their businesses operate, moving towards a more sustainable future. Whether it be an electric truck or solar panels, we want to give Australian businesses access to finance, services, and advice to invest in equipment which will help them shift to low carbon business models and operations that put them on a path to net-zero emissions.”
“Small to medium businesses are a critical part of Australia’s economy,” CEFC CEO Ian Learmonth said. “As the cost of energy and other inputs continues to rise, it is important to help them access the benefits that renewable energy, battery storage and energy efficient equipment can deliver. In the five years we have worked with the ANZ, we have seen strong interest from small and medium enterprises in using clean energy technologies to reduce their carbon footprint and improve their energy efficiency.”
