The Commonwealth Bank has partnered with the National Australian Built Environment Rating System (NABERS) to provide loans for sustainability upgrades.
The Property Sustainability Upgrade Loan for new and existing customers, allows businesses to reduce the environmental impact of commercial properties, while significantly reducing operating costs.
With zero margin and zero fees, eligible businesses will be able to increase their Commercial Property Investment Loan by up to 20 per cent to complete property sustainability upgrades that achieve a NABERS (National Australian Built Environment Rating System) rating improvement or reduce the property’s carbon emissions.
CBA worked closely with NABERS, to develop the loan eligibility criteria that will help businesses reduce their emissions by at least 30 per cent and meet or exceed average market performance.
CBA’s executive general manager for business lending, Clare Morgan said sustainability upgrades can significantly reduce a property’s carbon footprint while improving energy and water efficiency.
“As the largest commercial real estate lender in Australia, we play an important role in supporting the industry to lower its emissions,” she said.
“To encourage businesses to play their part and make these upgrades, we are offering the ability to borrow up to an additional 20 per cent, with zero line fees and no establishment fee through these loans.”